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Article 7 Amendments to article 83 of the Order: optionsF1I1

United Kingdom

(1)

Article 83 of the Orderf1 (options) is amended as follows.

(2)

In paragraph (1)(e)—

(a)

after “directive” insert “read with Articles 5, 6, 7 and 8 of the Commission Regulation”;

(b)

for “the text of which is set out in Part I” substitute “the texts of which are set out in Parts 1 and 2”.

(3)

In paragraph (2)(d)—

(a)

in paragraph (i), after “Schedule 2” insert “(read with Articles 5 and 6 of the Commission Regulation)”;

(b)

in paragraph (ii), for “38” substitute “7”.

(4)

In paragraph (3)(c), after “with” insert “Articles 7 and 8 of”.

(5)

In paragraph (4)—

(a)

omit “or” at the end of sub-paragraph (b);

(b)

in sub-paragraph (c), for “paragraph 8” substitute “paragraph 8 or 9”;

(c)

after sub-paragraph (c) insert—

“, or

(d)

an AIFM is providing, in accordance with Article 6.4 of the alternative investment fund managers directive the investment service specified in paragraph 1, 4 or 5 of Section A, or the ancillary service specified in paragraph 1 of Section B, of Annex I to the markets in financial instruments directive.”.

Annotations

Textual amendments

F1

Order revoked (14.12.2023 for the revocation of art. 17) by Financial Services and Markets Act 2023 (c. 29), s. 86(3), Sch. 1 Pt. 2 (with s. 1(4)); S.I. 2023/1382, reg. 2(c)(xvii)

Commencement

I1

Art. 7 in force at 1.4.2017 for specified purposes and 3.1.2018 in so far as not already in force, see art. 1(2)(a)(c)

Footnotes

f1

Article 83 was amended by S.I. 2006/3384 and 2011/1613.