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PART VFINANCIAL MARKETS AND INSOLVENCY

Other exchanges and clearing houses

Certain money market institutions

93.—(1) The Department may by regulations provide that this Part applies to contracts to which Part VII of the Companies Act 1989(1) applies by virtue of regulations made under section 171(1) of that Act (certain money market institutions), as it applies to contracts connected with a recognised investment exchange or recognised clearing house.

(2) Regulations under this Article may, in relation to a person included in the list mentioned in the said section 171(1), provide that the provisions of this Part apply with such exceptions, additions and adaptations as appear to the Department to be necessary or expedient.

(3) Before making any regulations under this Article, the Department shall consult the Treasury and the Bank of England.