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Investment Exchanges and Clearing Houses Act 2006
The Investment Exchanges and Clearing Houses Act 2006 (c 55) is an Act of the Parliament of the United Kingdom. It was intended to meet concerns〔As to the concerns, see the written ministerial statement by Ed Balls on Financial Services Regulation of 13 September 2006 - Hansard (House of Commons), vol. 449, (cols. 125WS to 126WS ) - which was referred to during the Second Reading of the Bill for this Act. They related to the potential effects of a possible takeover of the London Stock Exchange by a company based outside of the United Kingdom.〕 that recognised investment exchanges and clearing houses might introduce excessive regulation.〔Explanatory notes, (paragraph 4 )〕 This Act is amended by articles (3 ) and (6 ) the Treaty of Lisbon (Changes in Terminology) Order 2011 (S.I. 2011/1043).
==Section 1 - Power of FSA to disallow excessive regulatory provision==
This section inserts section 300A of the Financial Services and Markets Act 2000.
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