Article 84 (futures)
157.—(1) Article 84 (futures) is amended as follows.
(2) In paragraph (1A)(d), (1B)(e) and (1C)(c)(1), for “Section C of Annex I to the markets in financial instruments directive” substitute “Part 1 of Schedule 2”.
(3) In paragraph (1CA)(2)—
(a)for “Section C of Annex I to the markets in financial instruments directive” substitute “Part 1 of Schedule 2”;
(b)for “the texts of which are set out in Parts 1 and 2 of Schedule 2” substitute “the text of which is set out in Part 2 of Schedule 2”.
(4) In paragraph (1D)(3), for sub-paragraphs (a) to (d) substitute—
“(a)an investment firm or qualifying credit institution is providing or performing investment services and activities on a professional basis,
(b)a management company which has a Part 4A permission to do so is providing the investment service specified in paragraph 4 or 5 of Part 3 of Schedule 2 or the ancillary service specified in paragraph 1 of Part 3A of that Schedule,
(c)a market operator is providing the investment service specified in paragraph 8 or 9 of Part 3 of that Schedule, or
(d)a full-scope UK AIFM which has a Part 4A permission to do so is providing the investment service specified in paragraph 1, 4 or 5 of Part 3 of that Schedule or the ancillary service specified in paragraph 1 of Part 3A of that Schedule.”.
(5) Omit paragraph (1E)(4).
Paragraph (1A), (1B) and (1C) were inserted by S.I. 2006/3384 and amended by S.I. 2017/488.
Paragraph (1CA) was inserted by S.I. 2017/488.
Paragraph (1D) was inserted by S.I. 2006/3384 and was amended by S.I. 2011/1613 and S.I. 2017/488.
Paragraph (1E) was inserted by S.I. 2006/3384 and was amended by S.I. 2017/488.