[F1300EPower to disallow excessive regulatory provision: supplementaryU.K.
(1)In sections 300A to 300Dā
(a)āregulatory provisionā means any rule, guidance, arrangements, policy or practice, and
(b)references to making provision shall be read accordingly as including, as the case may require, issuing guidance, entering into arrangements or adopting a policy or practice.
(2)For the purposes of those sections a variation of a proposal is treated as a new proposal.
(3)Those sections do not apply to an overseas investment exchange [F2, overseas clearing house [F3, recognised central counterparty or recognised CSD]].]
Textual Amendments
F1Ss. 300B-300E inserted (20.12.2006) by Investment Exchanges and Clearing Houses Act 2006 (c. 55), ss. 2, 3, 5(2) (with s. 5(3))
F2Words in s. 300E(3) substituted (1.4.2013) by The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013 (S.I. 2013/504), regs. 1(2), 3(13) (with regs. 52-58)
F3Words in s. 300E(3) substituted (28.11.2017) by The Central Securities Depositories Regulations 2017 (S.I. 2017/1064), regs. 1, 2(26) (with regs. 7(4), 9(1))