SCHEDULES

SCHEDULE 8Sections 28 to 34: minor and consequential amendments

36

1

Section 313 (interpretation) is amended as follows.

2

In subsection (1)—

a

after the definition of “applicant” insert—

  • “central counterparty clearing services” has the same meaning as in section 155 of the Companies Act 1989 (see subsection (3A) of that section);

b

at the end insert—

  • “UK clearing house” means a clearing house—

    1. a

      which has its head office or its registered office (or both) in the United Kingdom,

    2. b

      which provides central counterparty clearing services, and

    3. c

      in relation to which a recognition order is in force.

3

In subsection (4), after “clearing services” insert “or services falling within section 285(3)(b)”.