66(1)Section 162 (duty to report on completion of default proceedings) is amended as follows.
(2)In subsections (1) and (1A), for “Authority” substitute “appropriate regulator”.
(3)In subsection (4), for “Authority” substitute “appropriate regulator”.
(4)At the end insert—
“(7)The appropriate regulator”—
(a)in relation to a recognised investment exchange or a recognised overseas investment exchange, means the FCA, and
(b)in relation to a recognised clearing house or a recognised overseas clearing house, means the Bank of England.”