(1) Section 57 [Section 57 was amended by the Financial Services Act 2012, section 13.] (prohibition orders: procedure and right to refer to Tribunal) of the Act applies to a temporary prohibition order made under regulation 11 as it applies to a prohibition order made under section 56 [Section 56 was amended by the Financial Services Act 2012, section 13.] of the Act (prohibition orders), but with -

(a) the references to a regulator being read to refer to -

(i) the Bank, where the counterparty referred to in paragraph 11(1) is a recognised central counterparty or a recognised CSD; or

(ii) the FCA, where the counterparty referred to in paragraph 11(1) is any other financial or non-financial counterparty; and

(b) subsections (6), (7) and (8) of section 57 omitted.