[300G Section 300F: rules in relation to overseas FMI entities]
Financial Services and Markets Act 2000 (2000 c 8) | Legislation

[300G  Section 300F: rules in relation to overseas FMI entities]

[(1)     The power to make rules under section 300F, so far as applying to an FMI entity of the kind mentioned in subsection (2)(c) or (d) of that section (an “overseas FMI entity”), is exercisable—

(a)     only by the application of corresponding rules, and

(b)     except in the case of systemic third country CCPs (see subsection (6)), only so far as authorised by regulations made by the Treasury.

(2)     The reference in subsection (1)(a) to “corresponding rules” is—

(a)     in relation to rules that would apply to a third country central counterparty, rules under section 300F that apply to a recognised central counterparty;

(b)     in relation to rules that would apply to a third country CSD, rules under section 300F that apply to a recognised

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