# The Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, Paragraph 23A: Emission allowances

Extent: E+W+S+N.I.

(1) Subject to sub-paragraph (2)—
(a) emission allowances consisting of any units recognised for compliance (by an EEA State) with the requirements of the emission allowance trading directive; and
(b) allowances created under article 18 of the Greenhouse Gas Emissions Trading Scheme Order 2020 and transferable in accordance with that order.
(2) Sub-paragraph (1) only applies to emission allowances in relation to which—
(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.

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Source: https://www.legislation.gov.uk/uksi/2005/1529/schedule/1/paragraph/23A (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000-financial-promotion-order-2005/schedule-1/paragraph-23A
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.