Section 290(1)

If it appears to the appropriate regulator that the applicant satisfies the recognition requirements applicable in its case, the regulator may— where the application is made under section 287, make a recognition order declaring the applicant to be a recognised investment exchange; where the application is made under section 288(1) and Article 17 of the EMIR regulation allows authorisation to be granted, make a recognition order (“a central counterparty recognition order”) granting authorisation for the purposes of that Article and declaring the applicant to be a recognised central counterparty; ... where the application is made under section 288(1A), make a recognition order declaring the applicant to be a recognised clearing house which is not a recognised central counterparty ; or where the application is made under section 288A, make a recognition order (a “CSD recognition order”) granting authorisation for the purposes of Article 16 of the CSD regulation and declaring the applicant to be a recognised CSD.

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