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Paragraph 5

Original text. Later amendments are not shown.

Regulation 6 has effect as if—

(a)

every reference to “the CFD counterparty” is a reference to “a CFD counterparty”; and

(b)

in relation to a CFD counterparty designated under section 7 of the Act on or after 1st January 2015, there is no requirement for that CFD counterparty to determine a levy rate in respect of the first quarterly obligation period which commences after its designation.