Regulation 12 Financial Services and Markets Act 2000 (Financial Promotion) Order 2005

(1)

In Schedule 1 to the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005^f1, Part 2 (controlled investments) is amended as follows.

(2)

In paragraph 21 (options)^f2—

(a)

in sub-paragraph (1)(e), for “(read with Articles 5, 6, 7 and 8 of the Commission Regulation)” substitute “to the Regulated Activities Order (referred to in the following provisions of this paragraph as “Schedule 2”)”;

(b)

in sub-paragraph (2)(d)—

(i)

in paragraph (i), omit “(read with Articles 5 and 6 of the Commission Regulation)”;

(ii)

in paragraph (ii) for “Article 7 of the Commission Regulation” substitute “paragraphs 5, 6 and 8 of Part 2 of Schedule 2”;

(c)

in sub-paragraph (3)(c), omit “(read with Articles 7 and 8 of the Commission Regulation)”.

(3)

In paragraph 22 (futures)^f3—

(a)

in sub-paragraph (1A)(d), for “(read with Articles 5 and 6 of the Commission Regulation)” substitute “to the Regulated Activities Order (referred to in the following provisions of this paragraph as “Schedule 2”)”;

(b)

in sub-paragraph (1B)(d), for “Article 7 of the Commission Regulation” substitute “paragraphs 5, 6 and 8 of Part 2 of Schedule 2”;

(c)

in sub-paragraph (1C)(c), omit “(read with Articles 7 and 8 of the Commission Regulation)”;

(d)

in sub-paragraph (1CA), for the words from “, relating” to “Regulation” substitute “which relates to currencies and to which paragraph 4 of Part 1 of Schedule 2”.

(4)

In paragraph 23 (contracts for differences etc)^f4—

(a)

in sub-paragraph (3)(b), after “Schedule 2” insert “to the Regulated Activities Order (referred to in the following provisions of this paragraph as “Schedule 2”)”;

(b)

in sub-paragraph (4A)(c), omit “read with Articles 5 to 8 and 10 of the Commission Regulation”.

(5)

In paragraph 28 (interpretation)^f5, omit the definition of “Commission Regulation”.

Annotations

Footnotes

f1: S.I. 2005/1529.
f2: Paragraph 21 was amended by S.I. 2006/3384, 2017/488 and 2019/632.
f3: Paragraph 22 was amended by S.I. 2006/3384, 2017/488 and 2019/632.
f4: Paragraph 23 was amended by S.I. 2006/3384, 2017/488 and 2019/632.
f5: Definition of “Commission Regulation” inserted by S.I. 2006/3384.