Sch 8 para 15
(1) Section 297 (revoking recognition) is amended as follows. (2) In subsections (1) and (2), for “the Authority” substitute “ the appropriate regulator ” . (3) In subsection (2A)— (a) in the opening words— (i) for “the Authority” substitute “ the appropriate regulator ” , and (ii) omit “which is a recognised investment exchange”, (b) in paragraphs (a) and (b), after “exchange” insert “ or (as the case may be) of a clearing house ” , and (c) in paragraph (c), for the words from “directly applicable” to the end substitute “ directly applicable EU regulation specified (or of a description specified) in an order made by the Treasury ” . (4) In subsection (2C), at the end insert “ or overseas clearing house ” . (5) In subsections (5) and (6), for “the Authority” substitute “ the appropriate regulator ” .