(1) The Banking Act 2009 [2009 c.1, amended by section 102 of the Financial Services Act 2012.] is amended as follows.
(2) Subject to the amendments made below, in every provision (including the headings) for "UK clearing house" or "UK clearing houses", wherever occurring, substitute "recognised central counterparty" or "recognised central counterparties".
(3) In sections 39A (banks which are clearing houses), 89C (clearing house rules), 89D (clearing house membership), 89F (clearing house compensation orders) and in the Table in section 259 (statutory instruments) (including in headings), for "clearing house", other than in the expression "UK clearing house", substitute "recognised central counterparty".
(4) In section 89E (recognition of transferee company), in subsection (1), for "recognised clearing house" substitute "recognised central counterparty".
(5) In section 89G (interpretation: "UK clearing house" etc.) -
(a) for subsection (1) substitute -
"(1) In this Part, "recognised c
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