297 Revoking recognition
297 Revoking recognition

(1)     A recognition order [in respect of a recognised investment exchange or in respect of a recognised clearing house which is not a recognised central counterparty] may be revoked by an order made by [the appropriate regulator] at the request, or with the consent, of the recognised body concerned.

[(1A)     A central counterparty recognition order may be revoked by an order made by the Bank of England in accordance with Article 20 of the EMIR regulation.]

[(1B)     A CSD recognition order may be revoked by an order made by the Bank of England in accordance with Article 20 of the CSD regulation.]

(2)     If it appears to [the appropriate regulator] that a recognised body [which is not a recognised central counterparty] [or a recognised CSD]—

(a)     is failing, or has failed, to satisfy the recognition requirements, or