[285A Powers exercisable in relation to recognised bodies]
[285A Powers exercisable in relation to recognised bodies]

[(1)     For the purposes of this Part, the FCA is “the appropriate regulator” in relation to recognised investment exchanges.

(2)     For the purposes of this Part, the Bank of England is “the appropriate regulator” in relation to recognised clearing houses[, recognised CSDs and EEA CSDs] [and recognised CSDs].

(3)     In Schedule 17A—

(a)     Part 1 makes provision for a memorandum of understanding between the appropriate regulators[, and between the FCA and the PRA,] with respect to the exercise of their functions in relation to recognised [bodies];

(b)     Part 2 applies certain provisions of this Act in relation to the Bank of England in consequence of the conferring of functions on the Bank under this Part of this Act;

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