The Financial Markets and Insolvency Regulations 1991
This section has no associated Explanatory Memorandum
9. In regulation 16 of the Financial Markets and Insolvency Regulations 1991(1) (circumstances in which member or designated non-member dealing as principal to be treated as acting in different capacities) for paragraph (1D) substitute—
“(1D) In paragraph (1), “rules relating to clients’ money” are rules made by the Financial Conduct Authority under sections 137A and 137B of the Financial Services and Markets Act 2000(2).”.
(1)
S.I. 1991/880; regulation 16(1D) was inserted by S.I. 2009/853.
(2)
Sections 137A and 137B were inserted by section 24 of the Financial Services Act 2012.