PART 2

Amendments of Financial Services and Markets Act 2000

Recognised investment exchanges and clearing houses

Powers in relation to recognised investment exchanges and clearing houses
29
1
After section 285 of FSMA 2000 insert—

Powers exercisable in relation to recognised investment exchanges and clearing houses
285A
1
For the purposes of this Part, the FCA is “the appropriate regulator” in relation to recognised investment exchanges.
2
For the purposes of this Part, the Bank of England is “the appropriate regulator” in relation to recognised clearing houses.
3
In Schedule 17A—
a
Part 1 makes provision for a memorandum of understanding between the appropriate regulators and the PRA with respect to the exercise of their functions in relation to recognised investment exchanges and clearing houses;
b
Part 2 applies certain provisions of this Act in relation to the Bank of England in consequence of the conferring of functions on the Bank under this Part of this Act;
c
Part 3 makes provision relating to the winding up, administration or insolvency of UK clearing houses; and
d
Part 4 makes provision about fees.
2
After Schedule 17 of FSMA 2000 insert the Schedule 17A set out in Schedule 7 to this Act.
S. 29 in force at 24.1.2013 for specified purposes by S.I. 2013/113, art. 2(1)(b), Sch. Pt. 2
S. 29 in force at 24.1.2013 for specified purposes by S.I. 2013/113, art. 2(1)(c), Sch. Pt. 3
S. 29 in force at 1.4.2013 in so far as not already in force by S.I. 2013/423, art. 3, Sch.