[287A Application by an investment exchange: persons connected with an applicant]
[287A Application by an investment exchange: persons connected with an applicant]

[(1)     Subsection (2) applies where—

(a)     a body corporate or unincorporated association (“A”) makes an application under section 287 for an order declaring it to be a recognised investment exchange; and

(b)     A is—

(i)     connected with an EEA credit institution or EEA insurance undertaking; or

(ii)     controlled by a person who also controls an EEA credit institution or EEA insurance undertaking.

(2)     Before making a recognition order declaring A to be a recognised investment exchange under section 290, the FCA must consult the competent authority responsible for the supervision of the EEA credit institution or EEA insurance undertaking.

(3)     A is connected with an EEA credit institution or EEA insurance undertaking if—

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