(1) The Act is amended as follows.
(2) In section 55G(3)(a) [Section 55G was inserted by section 11 of the Financial Services Act 2012.] (giving permission: special cases), for "section 285(2) or (3)" substitute "any of subsections (2) to (3C) of section 285".
(3) In section 285 [Section 285 was amended by section 28 of the Financial Services Act 2012.] (exemption for recognised investment exchanges and clearing houses) -
(a) in subsection (1), for paragraph (b) and the "and" immediately before it substitute -
"(b) "recognised clearing house" means -
(i) a central counterparty in relation to which a recognition order is in force (in this Part referred to as a "recognised central counterparty"), or
(ii) a clearing house which provides clearing services in the United Kingdom without doing so as a central counterparty, and in relation to which a recognition order is in force;
(c) "EEA central counterparty" means a person established in an EEA State other than the United Kingdom who has be
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