Paragraph 47 I1I2

Regulation 27 (FCA power to require information) is amended as follows.

In paragraph (1), in both of sub-paragraphs (a) and (b) omit “or over the counter contract”.

In paragraph (2) omit “or over the counter contract”.

For paragraph (3) substitute—

“(3)

For the purposes of this regulation a commodity derivative is a “relevant” commodity derivative if—

(a)

requirements imposed by rules under regulation 15A apply to the commodity derivative (or to commodity derivatives of that class), or

(b)

it is a commodity derivative (or falls within a class of commodity derivatives) to which the FCA is considering making such requirements apply.”