SCHEDULE 8Sections 28 to 34: minor and consequential amendments
15
(1)
Section 297 (revoking recognition) is amended as follows.
(2)
In subsections (1) and (2), for “the Authority” substitute “
the appropriate regulator
”
.
(3)
In subsection (2A)—
(a)
in the opening words—
(i)
for “the Authority” substitute “
the appropriate regulator
”
, and
(ii)
omit “which is a recognised investment exchange”,
(b)
in paragraphs (a) and (b), after “exchange” insert “
or (as the case may be) of a clearing house
”
, and
(c)
in paragraph (c), for the words from “directly applicable” to the end substitute “
directly applicable EU regulation specified (or of a description specified) in an order made by the Treasury
”
.
(4)
In subsection (2C), at the end insert “
or overseas clearing house
”
.
(5)
In subsections (5) and (6), for “the Authority” substitute “
the appropriate regulator
”
.