(1)Any body corporate or unincorporated association may apply to the Authority for an order declaring it to be a recognised clearing house for the purposes of this Act.
(2)The application must be made in such manner as the Authority may direct and must be accompanied by—
(a)a copy of the applicant’s rules;
(b)a copy of any guidance issued by the applicant;
(c)the required particulars; and
(d)such other information as the Authority may reasonably require for the purpose of determining the application.
(3)The required particulars are—
(a)if the applicant makes, or proposes to make, clearing arrangements with a recognised investment exchange, particulars of those arrangements;
(b)if the applicant proposes to provide clearing services for persons other than recognised investment exchanges, particulars of the criteria which it will apply when determining to whom it will provide those services.
Commencement Information
I1S. 288 wholly in force at 3.9.2001; s. 288 not in force at Royal Assent see s. 431(2); s. 288(2) in force for specified purposes at 18.6.2001 by S.I. 2001/1820, art. 2, Sch.; s. 288 in force in so far as not already in force at 3.9.2001 by S.I. 2001/2632, art. 2 Sch. Pt. 2