Sch 12 para 1
(1) Section 165 (power to require information) is amended as follows. (2) In subsection (1), for “The Authority” substitute “ Either regulator ” . (3) In subsection (3), for “Authority” substitute “ regulator ” . (4) In subsection (4), for “the Authority” substitute “ either regulator ” . (5) In subsections (5) and (6) for “The Authority”, in each place, substitute “ The regulator in question ” . (6) In subsection (7), for the words from “exercised” to the end substitute exercised— (a) by either regulator, to impose requirements on a person who is connected with an authorised person; (b) by the FCA, to impose requirements on an operator, trustee or depositary of a scheme recognised under section 270 or 272 who is not an authorised person; (c) by the FCA, to impose requirements on a recognised investment exchange; (d) by the FCA, to impose requirements on a person who is connected with a recognised investment exchange. (7) In subsection (9)— (a) for “the Authority”, in the first place, substitute “ the regulator exercising the power ” , (b) for “the Authority's” substitute “that regulator's”, and (c) for “the Authority”, in the second place, substitute “ that regulator ” . (8) In subsection (11)— (a) in the opening words, for “an authorised person” substitute “ another person ” , and (b) in paragraph (d), at the end insert “ (reading references in that Part to the authorised person as references to A) ” . (9) In the heading, for “Authority's” substitute “Regulators'”.