SCHEDULES

SCHEDULE 8Sections 28 to 34: minor and consequential amendments

I2I1I315

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 ”.