The Recognised Auction Platforms (Amendment and Miscellaneous Provisions) Regulations 2021

The Financial Services and Markets Act 2000 (Qualifying Provisions) Order 2013

This section has no associated Explanatory Memorandum

7.—(1) The Financial Services and Markets Act 2000 (Qualifying Provisions) Order 2013(1) is amended as follows.

(2) In article 1(2), after the definition of “recovery and resolution directive”, insert—

“UK auctioning regulations” means the Greenhouse Gas Emissions Trading Scheme Auctioning Regulations 2021;.

(3) In article 2—

(a)in paragraph (2), after sub-paragraph (c), insert—

(ca)the UK auctioning regulations;;

(b)in paragraph (8), after sub-paragraph (b), insert—

(ba)the UK auctioning regulations;.

(4) In article 3—

(a)in paragraph (2), after sub-paragraph (c), insert—

(ca)the UK auctioning regulations;;

(b)in paragraph (3)(b), after “auctioning regulation” insert, “, the UK auctioning regulations”.

(5) In article 4—

(a)in paragraph (3), after sub-paragraph (b), insert—

(ba)the UK auctioning regulations;;

(b)in paragraph (5), after sub-paragraph (b), insert—

(ba)the UK auctioning regulations;.

(6) In article 5—

(a)in paragraph (2), after sub-paragraph (c), insert—

(ca)the UK auctioning regulations;;

(b)in paragraph (5)(b), after “auctioning regulation” insert, “, the UK auctioning regulations”.

(7) In article 6(2), after sub-paragraph (c), insert—

(ca)the UK auctioning regulations;.

(1)

S.I. 2013/419, amended by S.I. 2019/632, which also amends the title of the S.I. to the Financial Services and Markets Act 2000 (Qualifying Provisions) Order 2013. There are other amendments which are not relevant to this instrument.