[296A Additional power to direct [recognised central counterparties]]
Financial Services and Markets Act 2000 (2000 c 8) | Legislation

[296A  Additional power to direct [recognised central counterparties]]

[(1)     The Bank of England may direct a [recognised central counterparty] 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 of the UK financial system,

(b)     maintaining public confidence in the stability of the

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