(1) The Bank of England may make such rules applying to FMI entities -
(a) with respect to the carrying on by them of relevant regulated activities, or
(b) with respect to the carrying on by them of an activity which is not a relevant regulated activity,
as appear to the Bank to be necessary or expedient for the purpose of advancing its Financial Stability Objective.
(2) Each of the following is an "FMI entity" for the purposes of this section -
(a) a recognised central counterparty;
(c) a third country central counterparty;
(3) The power to make rules under subsection (1), so far as applying to a third country central counterparty or a third country CSD, is subject to section 300G.
(4) In this section "relevant regulated activity" -
(a) in relation to a recognised central counterparty, means a regulated activity described in section 285(3A);
(b) in relation to a recognised CSD, means a regulated activity described in section 285(3D);
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