Schedule 17A, Part 2, paragraph 14(2)

That power is exercisable if it appears to the Bank that there are circumstances suggesting that— a clearing house or a central securities depository may be guilty of ... an offence under prescribed regulations relating to money laundering; a clearing house or a central securities depository person may have contravened a rule made by the Bank under this Part of this Act; a clearing house or a central securities depository may have contravened the recognition requirements; a clearing house or a central securities depository may have contravened any qualifying provision that is specified, or of a description specified, for the purposes of this sub-paragraph by the Treasury by order; a clearing house or a central securities depository may have breached the general prohibition. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . a person may be guilty of an offence under section 398(1), as applied by paragraph 30 of this Schedule; a Tier 2 third country central counterparty may have contravened the requirements of the EMIR regulation. an individual may not be a fit and proper person to perform functions in relation to an activity carried on by a relevant recognised body; an individual may have performed, or agreed to perform, a function in breach of a Part 18 prohibition order; a relevant recognised body may have failed to comply with section 309F(1); a relevant recognised body may have failed to comply with section 309G(1); a person in relation to whom the Bank has given approval under section 309G may not be a fit and proper person to perform the function to which that approval relates; a person may have performed a designated senior management function without approval under section 309G (see section 309U(3)); a person may be guilty of misconduct for the purposes of section 309Z2.

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Source: legislation.gov.uk · retrieved 2026-09-04