Regulation 12 Consulting the Bank of England
The FCA must consult the Bank of England before -
(a) authorising a recognised clearing house or a recognised CSD to provide a data reporting service;
(b) varying or cancelling a recognised clearing house's or a recognised CSD's authorisation to provide a data reporting service;
(c) imposing, varying or withdrawing a restriction on a recognised clearing house's or a recognised CSD's authorisation to provide a data reporting service under regulation 13;
(d) publishing a statement under section 312E FSMA 2000 [Section 312E was inserted by section 33 of the Financial Services Act 2012 (c. 21) and amended by section 11(5) of the Financial Services and Markets Act 2023 and S.I. 2017/1064 and 2019/622 (as amended by 2020/646).] (public censure) as applied by regulation 19 in relation to a contravention by a recognised clearing house or a recognised CSD;