Article 84 FuturesC1

to which paragraph (1) does not apply;

which relate to commodities;

which may be settled physically; and

to which paragraph 5 or 6 of F2Part 1 of Schedule 2 F3... applies.

to which paragraph (1) does not apply;

which relate to commodities;

which may be settled physically;

which in accordance with F4paragraphs 5, 6 and 8 of Part 2 of Schedule 2 are to be considered as having the characteristics of other derivative financial instruments and not being for commercial purposes; and

to which paragraph 7 of F5Part 1 of Schedule 2 applies.

to which paragraph (1) does not apply;

which may be settled physically; and

to which paragraph 10 of F6Part 1 of Schedule 2 F7... applies.

an investment firm or qualifying credit institution is providing or performing investment services and activities on a professional basis,

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,

a market operator is providing the investment service specified in paragraph 8 or 9 of Part 3 of that Schedule, or

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.

one or more of the parties is a producer of the commodity or other property, or uses it in his business;

the seller delivers or intends to deliver the property or the purchaser takes or intends to take delivery of it.

it is expressed to be as traded on an investment exchange;

performance of the contract is ensured by an investment exchange or a clearing house;

there are arrangements for the payment or provision of margin.

notwithstanding that it is left to be determined by reference to the price at which a contract is to be entered into on a market or exchange or could be entered into at a time and place specified in the contract; or

in a case where the contract is expressed to be by reference to a standard lot and quality, notwithstanding that provision is made for a variation in the price to take account of any variation in quantity or quality on delivery.