The Building Societies (Restricted Transactions) (Amendment to the Prohibition on Entering into Derivatives Transactions) Order 2018 No. 314

Amendment of section 9A of the Act

3.  Subsection (9) of section 9A of the Act is amended as follows—

(a) after the definition of “derivative instrument” insert—

““EEA central counterparty” has the meaning given in section 285(1)(c) of the Financial Services and Markets Act 2000(1);” and

(b) after the definition of “market maker” insert—

““recognised clearing house” has the meaning given in section 285(1)(b) of the Financial Services and Markets Act 2000;”.

(1)

2000 c. 8. Section 285(1)(b)-(d) was substituted for section 285(1)(b) by regulation 3(3)(a) of the Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013/504.