# The Financial Services and Markets Act 2000 (Amendment) (EU Exit) Regulations 2019, Regulation 158: Article 85 (contracts for differences etc)


(1) Article 85 (contracts for differences etc) is amended as follows.
(2) In paragraph (3)(b), for “Section C of Annex I to the markets in financial instruments directive” substitute “Part 1 of Schedule 2”.
(3) In paragraphs (4) and (4B), 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,
(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.”.
(4) In paragraph (4A)(c)—
(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”.
(5) Omit paragraph (5).

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Source: https://www.legislation.gov.uk/ukdsi/2019/9780111179970/regulation/158 (the official version)
Page: https://openlegislation.uk/draft-financial-services-and-markets-act-2000-amendment-eu-exit-regulations-2019/regulation-158
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.