31 Additional power to direct UK clearing houses
Financial Services Act 2012 (2012 c 21) | Legislation

31  Additional power to direct UK clearing houses

After section 296 of FSMA 2000 insert—

“296A Additional power to direct UK clearing houses

(1)     The Bank of England may direct a UK clearing house to take, or refrain from taking, specified action if the Bank is satisfied that it is necessary to give the direction, having regard to the public interest in—

(a)     protecting and enhancing the stability

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