Excluded activities: derivativesU.K.
This
adran has no associated
Memorandwm Esboniadol
9. A ring-fenced body does not carry on an excluded activity by entering into transactions with any one or more of its account holders if—
(a)the transaction satisfies the requirements listed in article 10 or 11(1), (2), or (3), and
(b)all the conditions set out in article 12 are satisfied.
Commencement Information
I1Art. 9 in force at 1.1.2019, see art. 1(3)