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Lords amendments made: No. 37, in page 25, line 27, leave out "and" and insert—
(aa) has adequate arrangements and resources for the effective monitoring and enforcement of compliance with its rules or, as respects monitoring, arrangements providing for that function to be performed on behalf of the clearing house (and without affecting its responsibility) by another body or person who is able and willing to perform it;
No. 38, in page 25, line 28, after "provides" insert "or is able to provide"
No. 39, in page 25, line 31, at end insert
; and
() is able and willing to comply with duties corresponding to those imposed in the case of recognised investment exchange by paragraph 5 of that Schedule.'—[Mr. Howard.]