4. The Financial Services Act 1986 shall have effect as if the requirement set out in paragraph (3) of regulation 3 above was—
(a)in the case of a recognised investment exchange which is not an overseas investment exchange, among those specified in Schedule 4 to that Act (requirements for recognition of UK investment exchange); and
(b)in the case of an overseas investment exchange, among those mentioned in section 37(7)(a) of that Act (revocation of recognition order) and specified in section 40(2) of that Act (requirements for recognition of overseas investment exchange etc.).