Recognised central counterparties102

1

Section 89B (application to recognised central counterparties)138 is amended as follows.

2

In subsection (1), for “This Part” substitute “Subject to subsection (1ZA), this Part”.

3

After subsection (1) insert—

1ZA

For the purposes of this section and sections 89C to 89G, this Act has effect disregarding any amendments made by the Bank Recovery and Resolution Order 2014.