(1) For the purposes of this Part, the FCA is "the appropriate regulator" in relation to recognised investment exchanges.
(2) For the purposes of this Part, the Bank of England is "the appropriate regulator" in relation to recognised clearing houses and recognised CSDs.
(3) In Schedule 17A -
(a) Part 1 makes provision for a memorandum of understanding between the appropriate regulators, and between the FCA and the PRA, with respect to the exercise of their functions in relation to recognised bodies;
(b) Part 2 applies certain provisions of this Act in relation to the Bank of England in consequence of the conferring of functions on the Bank under this Part of this Act or as a consequence of conferring other FMI functions on the Bank;
(c) Part 3 makes provision relating to the winding up, administration or insolvency of recognised clearing houses and recognised CSDs; and