Sch 18 para 65
(1) Section 157 (change in default rules) is amended as follows. (2) In subsection (1)— (a) for “Authority”, in the first place, substitute “ appropriate regulator ” , and (b) for “Authority”, in the second place, substitute “ regulator ” . (3) At the end insert— (4) The appropriate regulator”— (a) in relation to a recognised UK investment exchange, means the FCA, and (b) in relation to a recognised UK clearing house, means the Bank of England.