Section 293

The appropriate regulator may make rules requiring a recognised body to give it— notice of such events relating to the body as may be specified; and such information in respect of those events as may be specified. The rules may also require a recognised body to give the appropriate regulator, at such times or in respect of such periods as may be specified, such information relating to the body as may be specified. An obligation imposed by the rules extends only to a notice or information which the appropriate regulator may reasonably require for the exercise of its functions under this Act or for the purposes of Directive 2016/1148/EU of the European Parliament and of the Council of 6 July 2016 concerning measures for a high common level of security network and information systems across the Union as that directive had effect immediately before IP completion day. The rules may require information to be given in a specified form and to be verified in a specified manner. If a recognised body— it must give written notice to the appropriate regulator without delay. alters or revokes any of its rules or guidance, or makes new rules or issues new guidance, In relation to a recognised CSD, in subsection (5), “guidance” means guidance issued, or any recommendation made, in writing or other legible form and intended to have continuing effect, by the recognised CSD to— with respect to any of the services or activities specified in its recognition order. all or any class of its members, or persons using or seeking to use its services, If a recognised investment exchange makes a change— it must give written notice to the FCA and the Bank of England without delay. in the arrangements it makes for the provision by another person of clearing services in respect of transactions effected on the exchange, or in the criteria which it applies when determining to whom it will provide services falling within section 285(2)(b), If a recognised clearing house makes a change— it must give written notice to the Bank of England and the FCA without delay. in the recognised investment exchanges for whom it provides clearing services or services falling within section 285(3)(b), or in the criteria which it applies when determining to whom (other than recognised investment exchanges) it will provide clearing services or services falling within section 285(3)(b), In subsections (1) and (2), “recognised body” includes a third country CSD, in relation to any services referred to in the Annex to the CSD regulation which the third country CSD provides in the United Kingdom and a third country central counterparty. Subsections (5) to (7) do not apply to an overseas investment exchange , an overseas clearing house or a third country central counterparty. “Specified” means specified in the appropriate regulator's rules.

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