SCHEDULE 5 Listed Money Market Institutions
Part III Transactions arranged by Listed Institutions
9
Subject to paragraphs 10 and 11 below, this Part of this Schedule applies to any transaction arranged by the listed institution which—
(a)
is entered into by another listed institution as principal (or as agent for another listed institution) with another listed institution or the Bank of England (whether acting as principal or agent);
(b)
is entered into by another listed institution (whether acting as principal or agent) with an unlisted person (whether acting as principal or agent); or
(c)
is entered into between unlisted persons (whether acting as principal or agent),
if the transaction falls within paragraph 2 or 3 above.
10
In the case of a transaction falling within paragraph 2 above paragraph 9(b) and (c) above do not apply unless either the conditions in paragraph 5 above are satisfied or—
(a)
the unlisted person mentioned in paragraph (b) or, as the case may be, each of the unlisted persons mentioned in paragraph (c) has in the previous eighteen months entered into another transaction in respect of an investment specified in paragraph 2(2) above;
(b)
those conditions were satisfied in the case of that other transaction; and
(c)
that other transaction was entered into by that person (whether acting as principal or agent) with the listed institution making the arrangements (whether acting as principal or agent) or through the agency of that institution or was entered into by that person (whether acting as principal or agent) as a result of arrangements made by that institution.
11
In the case of a transaction falling within paragraph 3 above paragraph 9(b) and (c) above do not apply unless the condition in paragraph 7 above is satisfied.