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

The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017

8.—(1) The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017(1) are amended as follows.

(2) In regulation 3(1), after the definition of “trust or company service provider”, insert—

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

(3) In regulation 10—

(a) in paragraphs (1) and (2)(c) and (d), after “the emission allowance auctioning regulation”, each time it appears, insert “or the UK auctioning regulations”;

(b) in paragraph (2)(d), for “Article 2.1(j) of the markets in financial instruments directive” substitute “paragraph 1(k) of Part 1 of Schedule 3 to the Regulated Activities Order(2)”.

(4) In regulation 14(1)(c), for “Article 3.4 and 3.5 of the emission allowance auctioning regulation”, substitute “regulation 2(1) of the UK auctioning regulations”.

(5) In regulation 46(8)(a)—

(a) in paragraph (i), for “Articles 19 and 20.6 of the emission allowance auctioning regulation” substitute “regulation 17 of the UK auctioning regulations”;

(b) in paragraph (ii), for “Article 54 of that regulation”, substitute “regulation 37 of those Regulations”;

(c) in paragraph (iii), for “Article 55.2 and 55.3 of that regulation” substitute “regulation 38(4) and (5) of those Regulations”.

(6) In paragraph 1(c) of Schedule 6—

(a) in paragraph (i), for “Article 19 or 20.6 of the emission allowance auctioning regulation” substitute “regulation 17 of the UK auctioning regulations”;

(b) in paragraph (ii), for “Article 54 of the emission allowance auctioning regulation”, substitute “regulation 37 of the UK auctioning regulations”.

(1)

S.I. 2017/692.

(2)

S.I. 2001/544. Schedule 3 was substituted by S.I. 2017/488.