300 Extension of functions of Tribunal.U.K.
(1)If the Treasury are satisfied that the condition mentioned in subsection (2) is satisfied, they may by order confer functions on the Tribunal with respect to disciplinary proceedings—
(a)of one or more investment exchanges in relation to which a recognition order under section 290 is in force or of such investment exchanges generally, or
(b)of one or more clearing houses in relation to which a recognition order under that section is in force or of such clearing houses generally.
(2)The condition is that it is desirable to exercise the power conferred under subsection (1) with a view to ensuring that—
(a)decisions taken in disciplinary proceedings with respect to which functions are to be conferred on the Tribunal are consistent with—
(i)decisions of the Tribunal in cases arising under Part VIII; and
(ii)decisions taken in other disciplinary proceedings with respect to which the Tribunal has functions as a result of an order under this section; or
(b)the disciplinary proceedings are in accordance with the Convention rights.
(3)An order under this section may modify or exclude any provision made by or under this Act with respect to proceedings before the Tribunal.
(4)“Disciplinary proceedings” means proceedings under the rules of an investment exchange or clearing house in relation to market abuse by persons subject to the rules.
(5)“The Convention rights” has the meaning given in section 1 of the M1Human Rights Act 1998.
Marginal Citations