{
  "url": "https://openlegislation.uk/financial-services-and-markets-act-2000-markets-in-financial-instruments-regulations-2017/regulation-29",
  "json_url": "https://openlegislation.uk/financial-services-and-markets-act-2000-markets-in-financial-instruments-regulations-2017/regulation-29.json",
  "legislation": "uksi/2017/701",
  "legislation_title": "The Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 2017",
  "legislation_url": "https://openlegislation.uk/financial-services-and-markets-act-2000-markets-in-financial-instruments-regulations-2017",
  "path": "regulation/29",
  "kind": "regulation",
  "number": "29",
  "heading": "Interpretation of Part 3",
  "text": "(1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\n(2) In this Part—\n...\n...\n“applicable OTC commodity derivative” means an option, future or contract for difference which—\n(a)relates, either directly or indirectly, to a commodity derivative traded on a trading venue established in the United Kingdom, and\n(b)is not a financial instrument;\nwhere “option”, “future” and “contract for difference” mean the investments of the kind specified in articles 83 (options), 84 (futures) and 85 (contracts for differences etc.) of the Regulated Activities Order;\n“market operator” has the same meaning as in the markets in financial instruments regulation;\n“position” means a net position in a commodity derivative traded on a trading venue in the United Kingdom and for the purposes of regulations 27 and 28 any applicable OTC commodity derivative;\n“position limit” means a limit on the maximum size of a position which a person may hold at any time; and\n“relevant person” has the meaning given by regulation 15A(10)\n“significant volumes” has the meaning given by Article 5 of Regulation (EU) 2017/591.\n“trading venue” has the meaning given in regulation 2 but also includes a facility mentioned in—\n(a)paragraph (b) of the definition of “multilateral trading facility” in article 3(1) of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 ; or\n(b)paragraph (b) of the definition of “organised trading facility” in that article.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Reg. 29(1) revoked (6.7.2026) by Financial Services and Markets Act 2023 (c. 29), s. 86(3), Sch. 2 para. 50(b)(v) (with s. 2(3)); S.I. 2024/1071, reg. 9(b)(v)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Words in reg. 29(2) omitted (31.12.2020) by virtue of The Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018 (S.I. 2018/1403), regs. 1(3), 8(17)(b)(i) (with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "Words in reg. 29(2) omitted (31.12.2020) by virtue of The Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018 (S.I. 2018/1403), regs. 1(3), 8(17)(b)(ii) (with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)"
    },
    {
      "type": "F",
      "label": "F4",
      "text": "Words in reg. 29(2) inserted (6.7.2026) by The Financial Services and Markets Act 2000 (Markets in Financial Instruments) (Amendment) Regulations 2025 (S.I. 2025/860), regs. 1(2), 2(4)(a); S.I. 2025/1078, reg. 8(b)"
    },
    {
      "type": "F",
      "label": "F5",
      "text": "Words in reg. 29(2) inserted (29.10.2024 for specified purposes, 6.7.2026 in so far as not already in force) by Financial Services and Markets Act 2023 (c. 29), s. 86(3), Sch. 2 para. 49(a) (with s. 2(3)); S.I. 2024/1071, regs. 3(c)(iii), 9(b)(iv)"
    },
    {
      "type": "F",
      "label": "F6",
      "text": "Words in reg. 29(2) substituted (1.12.2024) by The Financial Services and Markets Act 2023 (Consequential Amendments) Regulations 2024 (S.I. 2024/1115), regs. 2(1)(e), 6"
    },
    {
      "type": "F",
      "label": "F7",
      "text": "Words in reg. 29(2) substituted (6.7.2026) by The Financial Services and Markets Act 2000 (Markets in Financial Instruments) (Amendment) Regulations 2025 (S.I. 2025/860), regs. 1(2), 2(4)(b); S.I. 2025/1078, reg. 8(b)"
    },
    {
      "type": "F",
      "label": "F8",
      "text": "Words in reg. 29(2) inserted (29.10.2024 for specified purposes, 6.7.2026 in so far as not already in force) by Financial Services and Markets Act 2023 (c. 29), s. 86(3), Sch. 2 para. 49(b) (with s. 2(3)); S.I. 2024/1071, regs. 3(c)(iii), 9(b)(iv)"
    },
    {
      "type": "F",
      "label": "F9",
      "text": "Words in reg. 29(2) inserted (2.1.2018) by The Financial Services and Markets Act 2000 (Markets in Financial Instruments) (No.2) Regulations 2017 (S.I. 2017/1255), regs. 2(a), 25"
    },
    {
      "type": "F",
      "label": "F10",
      "text": "Words in reg. 29(2) substituted (31.12.2020) by The Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018 (S.I. 2018/1403), regs. 1(3), 8(17)(b)(iv) (with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)"
    },
    {
      "type": "M",
      "label": "M1",
      "text": "S.I. 2001/544; article 3(1) was amended by S.I. 2006/3384, there are other amendments but none is relevant."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2017/701/regulation/29",
    "retrieved_at": "2026-10-28T23:10:02.096065+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."
}