1 In Part 18 of FSMA 2000 (recognised investment exchanges, clearing houses and CSDs), before Chapter 3B insert -
"CHAPTER 2A PERFORMANCE OF FUNCTIONS OF RECOGNISED BODIES
Relevant recognised bodies
309A Recognised bodies to which this Chapter applies
(1) The Treasury may by regulations specify as a "relevant recognised body" for the purposes of this Chapter a type of recognised body mentioned in subsection (2).
(2) The types of recognised bodies are -
(a) recognised investment exchanges;
(b) recognised central counterparties;
(c) recognised CSDs.
(3) Before making regulations under subsection (1), the Treasury -
(a) must consult the FCA if it proposes to specify recognised investment exchanges (or recognised investment exchanges of a specified description);
(b) must consult the Bank of England if it proposes to specify recognised central counterparties or recognised CSDs (or recognised central counterparties or recognised CSDs of a specified description);
(c) in any case,
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