Clause 16

by deleting paragraphs (b) and (c) of subsection (1) and substituting the following paragraphs:“(b)the carrying on of any business (called in this section a proscribed business) by the approved clearing house other than such business or such class of businesses prescribed by regulations made under section 81Q;

the acquisition by the approved clearing house of a substantial shareholding in any corporation (called in this section a proscribed corporation) that carries on any business other than such business or such class of businesses prescribed by regulations made under section 81Q;”; and

by deleting the word “recognised” in subsection (5) and substituting the word “approved”.