36. In the Financial Services and Markets Act 2000 (Recognition Requirements for Investment Exchanges and Clearing Houses) Regulations 2001(1)—
(a)in regulation 3(1) (interpretation), insert the following definitions in the appropriate places—
““the appropriate regulator” has the meaning given in section 285A of the Act(2);
“the FCA” means the Financial Conduct Authority;”
(b)in regulation 6(1) (method of satisfying recognition requirements), for “the Authority” substitute “the appropriate regulator”;
(c)in regulation 7 (dealings and transactions not involving investments), omit “recognised investment exchange or”;
(d)in the Schedule—
(i)in Part 1 (recognition requirements for investment exchanges), for “the Authority”, in each place, substitute “the FCA”;
(ii)omit paragraph 15 of Part 2 (recognition requirements for investment exchanges: default rules in respect of market contracts);
(iii)in Part 3 (recognition requirements for clearing houses), for “the Authority”, in each place, substitute “the Bank of England”;
(iv)in paragraph 28 of Part 4 (recognition requirements applying to clearing houses: default rules in respect of market contracts), for “the Authority under sections 138 and 139 of the Act” substitute “the FCA under sections 137A and 137B of the Act”.
S.I. 2001/995, amended by S.I. 2006/3386; there are other amending instruments, but none is relevant.
Section 285A was inserted into the Act by section 29 of the Financial Services Act 2012 (c.21).