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The Financial Markets and Insolvency (Money Market) Regulations 1995
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9. Section 65 of the 1986 Act (restriction of business) shall apply in relation to a listed person as if—
(a)functions under that section(1)were exercisable by the Bank of England and not by any other person;
(b)the reference to an authorised person was a reference to a listed person;
(c)the references to investment business were references to the provision of settlement arrangements in relation to money market contracts; and
(d)the reference to the United Kingdom was a reference to Great Britain.
(1)
The functions of the Secretary of State under section 65 of the Financial Services Act 1986 have been transferred to the Securities and Investments Board—see the Financial Services Act 1986 (Delegation) Order 1987 (S.I. 1987/942).
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