Part XVIII Recognised Investment Exchanges and Clearing Houses

Chapter I Exemption

Supervision

293 Notification requirements.

(1)

The F1appropriate regulator may make rules requiring a recognised body to give it—

(a)

notice of such events relating to the body as may be specified; and

(b)

such information in respect of those events as may be specified.

(2)

The rules may also require a recognised body to give the F1appropriate regulator, at such times or in respect of such periods as may be specified, such information relating to the body as may be specified.

(3)

An obligation imposed by the rules extends only to a notice or information which the F1appropriate regulator may reasonably require for the exercise of its functions under this Act.

(4)

The rules may require information to be given in a specified form and to be verified in a specified manner.

(5)

If a recognised body—

(a)

alters or revokes any of its rules or guidance, or

(b)

makes new rules or issues new guidance,

it must give written notice to the F2appropriate regulator without delay.

(6)

If a recognised investment exchange makes a change—

(a)

in the arrangements it makes for the provision F3by another person of clearing services in respect of transactions effected on the exchange, or

(b)

in the criteria which it applies when determining to whom it will provide F4services falling within section 285(2)(b),

it must give written notice to F5the FCA and the Bank of England without delay.

(7)

If a recognised clearing house makes a change—

(a)

in the recognised investment exchanges for whom it provides clearing services F6or services falling within section 285(3)(b), or

(b)

in the criteria which it applies when determining to whom (other than recognised investment exchanges) it will provide clearing services F7or services falling within section 285(3)(b),

it must give written notice to F8the Bank of England and the FCA without delay.

(8)

Subsections (5) to (7) do not apply to an overseas investment exchange or an overseas clearing house.

(9)

“Specified” means specified in F9the appropriate regulator's rules.