{
  "url": "https://openlegislation.uk/draft-markets-in-financial-instruments-miscellaneous-amendments-regulations-2025/regulation-12",
  "json_url": "https://openlegislation.uk/draft-markets-in-financial-instruments-miscellaneous-amendments-regulations-2025/regulation-12.json",
  "legislation": "ukdsi/2025/9780348273557",
  "legislation_title": "The Markets in Financial Instruments (Miscellaneous Amendments) Regulations 2025",
  "legislation_url": "https://openlegislation.uk/draft-markets-in-financial-instruments-miscellaneous-amendments-regulations-2025",
  "path": "regulation/12",
  "kind": "regulation",
  "number": "12",
  "heading": "Financial Services and Markets Act 2000 (Financial Promotion) Order 2005",
  "text": "(1) In Schedule 1 to the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, Part 2 (controlled investments) is amended as follows.\n(2) In paragraph 21 (options)—\n(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”)”;\n(b) in sub-paragraph (2)(d)—\n(i) in paragraph (i), omit “(read with Articles 5 and 6 of the Commission Regulation)”;\n(ii) in paragraph (ii) for “Article 7 of the Commission Regulation” substitute “paragraphs 5, 6 and 8 of Part 2 of Schedule 2”;\n(c) in sub-paragraph (3)(c), omit “(read with Articles 7 and 8 of the Commission Regulation)”.\n(3) In paragraph 22 (futures)—\n(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”)”;\n(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”;\n(c) in sub-paragraph (1C)(c), omit “(read with Articles 7 and 8 of the Commission Regulation)”;\n(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”.\n(4) In paragraph 23 (contracts for differences etc)—\n(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”)”;\n(b) in sub-paragraph (4A)(c), omit “read with Articles 5 to 8 and 10 of the Commission Regulation”.\n(5) In paragraph 28 (interpretation), omit the definition of “Commission Regulation”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "S.I. 2005/1529."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "Paragraph 21 was amended by S.I. 2006/3384, 2017/488 and 2019/632."
    },
    {
      "type": "footnote",
      "label": "f3",
      "text": "Paragraph 22 was amended by S.I. 2006/3384, 2017/488 and 2019/632."
    },
    {
      "type": "footnote",
      "label": "f4",
      "text": "Paragraph 23 was amended by S.I. 2006/3384, 2017/488 and 2019/632."
    },
    {
      "type": "footnote",
      "label": "f5",
      "text": "Definition of “Commission Regulation” inserted by S.I. 2006/3384."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2025/9780348273557/regulation/12",
    "retrieved_at": "2026-10-30T14:38:53.062997+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}