PART 3Amendments to the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001
Article 84 (futures)157
1
Article 84 (futures) is amended as follows.
2
In paragraph (1A)(d), (1B)(e) and (1C)(c)285, for “Section C of Annex I to the markets in financial instruments directive” substitute “Part 1 of Schedule 2”.
3
In paragraph (1CA)286—
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)287, 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)288.