(1) This chapter applies, subject to (3), to an
Authorised Market Institution Operating a Clearing House and an applicant for such a Licence.
(2) In this chapter, a reference to a "
Clearing House" is a reference to a Person in (1), except where specific reference is made to:
Central Counterparty (CCP);
Securities Settlement System (SSS); or
Central Securities Depository (CSD).
(3) Specific references in this chapter to a
Clearing House undertaking any of the functions specified in (2)(a) to (c) apply only in respect of that function.
Derived from RM118/2013 [VER15/07-13]