Investment Exchanges and Clearing Houses Act 2006

The Authority may, on the application or with the consent of a recognised body, direct that the obligation under section 300B(1) of the Financial Services and Markets Act 2000 (c. 8) (duty to notify Authority of proposal to make regulatory provision) does not apply—

An application must be made in such manner as the Authority may require.

The Authority may give a direction if it thinks it appropriate to do so.

A direction may be given subject to conditions.

The effect of a direction is that the provisions of sections 300B to 300D of that Act (provisions requiring notification and restricting the making of regulatory provision of which notification is required) do not apply or, as the case may be, cease to apply to regulatory provision to which the direction relates.

The Authority may—

Expressions used in this section that are defined for the purposes of sections 300A to 300E of that Act have the same meaning as in those sections.

This section shall cease to have effect twelve months after the passing of this Act.

The short title of this Act is the Investment Exchanges and Clearing Houses Act 2006.

This Act comes into force on the day after that on which it is passed.

Sections 300A to 300E of the Financial Services and Markets Act 2000 (c. 8) (as inserted by this Act)— Expressions used in this subsection that are defined for the purposes of those sections have the same meaning as in those sections.