Financial Services Act 2012 (c. 21)

SCHEDULES

SCHEDULE 8 Sections 28 to 34: minor and consequential amendments

36 (1) Section 313 (interpretation) is amended as follows.

(2) In subsection (1)—

(a) after the definition of “applicant” insert—

• ““central counterparty clearing services” has the same meaning as in section 155 of the Companies Act 1989 (see subsection (3A) of that section);”, and

(b) at the end insert—

• ““UK clearing house” means a clearing house—

  (a)

  which has its head office or its registered office (or both) in the United Kingdom,

  (b)

  which provides central counterparty clearing services, and

  (c)

  in relation to which a recognition order is in force.”

(3) In subsection (4), after “clearing services” insert “or services falling within section 285(3)(b)”.