The Secretary of State and the Treasury, acting jointly, may by regulations provide for—
to apply to relevant contracts as it applies to contracts connected with a recognised body.
"Relevant contracts" means contracts of a prescribed description in relation to which settlement arrangements are provided by a person for the time being included in a list ("the list") maintained by the Bank of England for the purposes of this section.
Regulations may be made under this section only if the Secretary of State and the Treasury are satisfied, having regard to the extent to which the relevant contracts concerned are contracts of a kind dealt in by persons supervised by the FCA or the Bank of England, that it is appropriate for the arrangements mentioned in subsection (2) to be supervised by the Bank.
The approval of the Treasury is required for—
If the Treasury withdraw an approval given by them under subsection (4), all regulations made under this section and then in force are to be treated as suspended.
But if—
the suspension of the regulations ends on such date as the Treasury may, in giving the fresh approval, specify.
The Bank of England must—
A certified copy of the list is evidence (or in Scotland sufficient evidence) of the contents of the list.
A copy of the list which purports to be certified by or on behalf of the Bank of England is to be taken to have been duly certified unless the contrary is shown.
Regulations under this section may, in relation to a person included in the list—