SCHEDULES

SCHEDULE 8Sections 28 to 34: minor and consequential amendments

18

In section 300A (power to disallow excessive regulatory provision)—

a

in subsection (1), for the words from “with” to the end substitute

with—

a

its business as an investment exchange,

b

the provision by it of clearing services, or

c

the provision by it of services falling within section 285(2)(b) or (3)(b).

b

in subsections (2) (in both places) and (4), and in the heading, for “Authority” substitute “appropriate regulator”.