Investment Exchanges and Clearing Houses Act 2006
The Investment Exchanges and Clearing Houses Act 2006 (c 55) is an Act of the Parliament of the United Kingdom. It was intended to meet concerns[3] that recognised investment exchanges and clearing houses might introduce excessive regulation.[4] This Act is amended by articles 3 and 6 the Treaty of Lisbon (Changes in Terminology) Order 2011 (S.I. 2011/1043).
Long title | An Act to confer power on the Financial Services Authority to disallow excessive regulatory provision by recognised investment exchanges and clearing houses; and for connected purposes. |
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Citation | 2006 c 55 |
Dates | |
Royal assent | 19 December 2006 |
Commencement | 20 December 2006[2] |
History of passage through Parliament | |
Text of statute as originally enacted | |
Revised text of statute as amended |
Section 1 - Power of FSA to disallow excessive regulatory provision
This section inserts section 300A of the Financial Services and Markets Act 2000.
Section 2 - Procedural and other supplementary provisions
This section inserts sections 300B to 300E of the Financial Services and Markets Act 2000.
Section 3 - Interim power to give directions about notification
This section ceased to have effect on 19 December 2007.[5]
Section 4 - Consequential amendment of grounds for refusing recognition
This section inserts section 290A of the Financial Services and Markets Act 2000.
References
- The citation of this Act by this short title is authorised by section 5(1) of this Act.
- The Investment Exchanges and Clearing Houses Act 2006, section 5(2)
- As to the concerns, see the written ministerial statement by Ed Balls on Financial Services Regulation of 13 September 2006 - Hansard (House of Commons), vol. 449, cols. 125WS to 126WS - which was referred to during the Second Reading of the Bill for this Act. They related to the potential effects of a possible takeover of the London Stock Exchange by a company based outside of the United Kingdom.
- Explanatory notes, paragraph 4
- The Investment Exchanges and Clearing Houses Act 2006, section 3(8)
External links
- The Investment Exchanges and Clearing Houses Act 2006, as amended from the National Archives.
- The Investment Exchanges and Clearing Houses Act 2006, as originally enacted from the National Archives.
- Explanatory notes to the Investment Exchanges and Clearing Houses Act 2006.
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