285APowers exercisable in relation to recognised investment exchanges and clearing houses

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.