Financial Services and Markets Bill - continued        House of Lords
PART XVIII, RECOGNISED INVESTMENT EXCHANGES AND CLEARING HOUSES - continued

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  CHAPTER IV
 
Interpretation
Interpretation of Part XVIII.     307. - (1) In this Part-
 
 
    "application" means an application for a recognition order made under section 282 or 283;
 
    "applicant" means a body corporate or unincorporated association which has applied for a recognition order;
 
    "Director" means the Director General of Fair Trading;
 
    "overseas applicant" means a body corporate or association which has neither its head office nor its registered office in the United Kingdom and which has applied for a recognition order;
 
    "overseas investment exchange" means a body corporate or association which has neither its head office nor its registered office in the United Kingdom and in relation to which a recognition order is in force;
 
    "overseas clearing house" means a body corporate or association which has neither its head office nor its registered office in the United Kingdom and in relation to which a recognition order is in force;
 
    "recognised body" means a recognised investment exchange or a recognised clearing house;
 
    "recognised clearing house" has the meaning given in section 280;
 
    "recognised investment exchange" has the meaning given in section 280;
 
    "recognition order" means an order made under section 285 or 287;
 
    "recognition requirements" has the meaning given by section 281;
 
    "remedial direction" has the meaning given in section 302(8);
 
    "revocation order" has the meaning given in section 292.
      (2) References in this Part to rules of an investment exchange (or a clearing house) are to rules made, or conditions imposed, by the investment exchange (or the clearing house) with respect to-
 
 
    (a) recognition requirements;
 
    (b) admission of persons to, or their exclusion from the use of, its facilities; or
 
    (c) matters relating to its constitution.
      (3) References in this Part to guidance issued by an investment exchange are references to guidance issued, or any recommendation made, in writing or other legible form and intended to have continuing effect, by the investment exchange to-
 
 
    (a) all or any class of its members or users, or
 
    (b) persons seeking to become members of the investment exchange or to use its facilities,
       with respect to any of the matters mentioned in subsection (2)(a) to (c).
 
      (4) References in this Part to guidance issued by a clearing house are to guidance issued, or any recommendation made, in writing or other legible form and intended to have continuing effect, by the clearing house to-
 
 
    (a) all or any class of its members, or
 
    (b) persons using or seeking to use its services,
       with respect to the provision by it or its members of clearing services.
 
 
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