(1) Section 4 of the Bank of England Act 1946 (Treasury directions to the Bank) is amended as follows.
(2) In subsection (1), after paragraph (b) insert -
"(c) the exercise by the Bank of its functions under any enactment in relation to the following bodies -
(i) recognised central counterparties;
(ii) recognised CSDs;
(iii) third country central counterparties;
(iv) third country CSDs."
(3) After subsection (1) insert -
"(2A) Expressions used in subsection (1)(c) have the same meaning as in section 285 of the Financial Services and Markets Act 2000 (exemption for recognised bodies etc)."