Paragraph 3 F1

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

Sch. 3 para. 1(k) words substituted by Financial Services and Markets Act 2000 (Regulated Activities) 2025 art. 2(a)
Sch. 3 para. 1A inserted by Financial Services and Markets Act 2000 (Regulated Activities) 2025 art. 2(b)
Sch. 3 para. 2(a) words inserted by Financial Services and Markets Act 2000 (Regulated Activities) 2025 art. 2(c)(i)
Sch. 3 para. 2(a)(i) words inserted by Financial Services and Markets Act 2000 (Regulated Activities) 2025 art. 2(c)(ii)
Sch. 3 para. 2(c) words inserted by Financial Services and Markets Act 2000 (Regulated Activities) 2025 art. 2(c)(iii)

The exemption in F2paragraph 1(o)—

(a)

only applies to the persons engaged in the activities set out in that sub-paragraph where they perform investment activities or provide investment services relating to commodity derivatives in order to carry out those activities;

(b)

does not apply with regard to the operation of a secondary market, including a platform for secondary trading in financial transmission rights.

Annotations

Textual amendments

F1: Sch. 3 substituted (31.12.2020) by The Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018 (S.I. 2018/1403), regs. 1(3), 4(8) (with savings in S.I. 2019/680, reg. 11 (as amended by S.I. 2019/1233, regs. 1(3), 3 and S.I. 2019/710, regs. 1(2), 16(2)(c)); 2020 c. 1, Sch. 5 para. 1(1)
F2: Words in Sch. 3 para. 3 substituted (23.10.2025) by The Markets in Financial Instruments (Miscellaneous Amendments) Regulations 2025 (S.I. 2025/1020), regs. 1(2), 8(2) (with reg. 17); S.I. 2025/1078, reg. 2(b) (with reg. 11)