SCHEDULES

SCHEDULE 2 U.K.Transitional amendments

Prospective

PART 4 U.K.Amendments to the Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 2017

Position limits for commodity derivatives U.K.

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

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

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

“(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.”

Commencement Information

I1 Sch. 2 para. 47 not in force at Royal Assent, see s. 86(3)