# The Financial Services and Markets Act 2000 (Regulated Activities) Order 2001, Paragraph 3


The exemption in paragraph 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.

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Source: https://www.legislation.gov.uk/uksi/2001/544/schedule/3/paragraph/3 (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000-regulated-activities-order-2001/schedule-3/paragraph-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.