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
”
.