Part XVIIIRecognised investment exchanges, clearing houses , CSDs and other parties

Chapter I Exemption

General

F1285AF2Powers exercisable in relation to recognised bodiesF3etc

(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 F4and recognised CSDs.

(3)

In Schedule 17A—

(a)

Part 1 makes provision for a memorandum of understanding between the appropriate regulators F5, and between the FCA and the PRA, with respect to the exercise of their functions in relation to recognised F6bodies;

(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 F7or as a consequence of conferring other FMI functions on the Bank;

(c)

Part 3 makes provision relating to the winding up, administration or insolvency of F8recognised clearing houses F9and recognised CSDs; and

(d)

Part 4 makes provision about fees.