(1) The Chapter I prohibition does not apply to an agreement for the constitution of a recognised body to the extent to which the agreement relates to the regulatory provisions of that body.
(2) If the conditions set out in subsection (3) are satisfied, the Chapter I prohibition does not apply to an agreement for the constitution of -
(a) an investment exchange which is not a recognised investment exchange, or
(b) a clearing house which is not a recognised clearing house,
to the extent to which the agreement relates to the regulatory provisions of that body.
(3) The conditions are that -
(a) the body has applied for a recognition order in accordance with the provisions of this Act; and
(b) the application has not been determined.
(4) The Chapter I prohibition does not apply to a recognised body's regulatory provisions.
(5) The Chapter I prohibition does not apply to a decision made by a recognised body to the extent to which the decision relates to any of that body's regulatory pr