The Financial Services and Markets Act 2000 (Regulated Activities) Order 2001

Instructions in the course of providing a networkU.K.

49.  There is excluded from article 45 the act of sending, or causing to be sent, a dematerialised instruction as a necessary part of providing a network, the purpose of which is to carry dematerialised instructions which are at all time properly authenticated (within the meaning of the [F12001] Regulations).