286 Qualification for recognition
286 Qualification for recognition

(1)     The Treasury may make regulations setting out the requirements—

(a)     which must be satisfied by an investment exchange[, clearing house or central securities depository] if it is to qualify as a body in respect of which [the appropriate regulator] may make a recognition order under this Part; and

(b)     which, if a recognition order is made, it must continue to satisfy if it is to remain a recognised body.