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AMI 7.1.1

(1) This chapter applies, subject to (3), to an Authorised Market InstitutionOperating 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:
(a) a Central Counterparty (CCP);
(b) a Securities Settlement System (SSS); or
(c) a 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]