Article 8 Amendments to article 84 of the Order: futuresF1I1
United Kingdom
Article 84 of the Orderf1 (futures) is amended as follows.
In paragraph (1A)(d), after “directive” insert (read with Articles 5 and 6 of the Commission Regulation)”.
In paragraph (1B)(d), for “38” substitute “7”.
In paragraph (1C)(c), after “with” insert “Articles 7 and 8 of”.
After paragraph (1C), insert—
“(1CA)
Subject to paragraph (1D), any other derivative contract, relating to currencies to which paragraph 4 of Section C of Annex 1 to the markets in financial instruments directive read with Article 10 of the Commission Regulation (the texts of which are set out in Parts 1 and 2 of Schedule 2) applies.”.
In paragraph (1D)—
for “and (1C)” substitute “, (1C) and (1CA)”;
for “or forwards” substitute “, forwards or derivative contracts”;
omit “or” at the end of sub-paragraph (b);
in sub-paragraph (c), for “paragraph 8” substitute “paragraph 8 or 9”;
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.”.
In paragraph (1E), for “(IC)” substitute “(1CA)”.
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. 8 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 84 was amended by S.I. 2006/3384 and 2011/1613.