[F1SCHEDULE 2U.K.[F2Financial Instruments and Investment services and activities]

Textual Amendments

F1Sch. 2 substituted (1.4.2007 for specified purposes, 1.11.2007 in so far as not already in force) by The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment No. 3) Order 2006 (S.I. 2006/3384), arts. 1(2), 29

[F3PART 2U.K.Articles 5 to 8, 10 and 11 of the Commission Regulation

Textual Amendments

F3Sch. 2 Pt. 2 substituted (1.4.2017 for specified purposes, 3.1.2018 in so far as not already in force) by The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2017 (S.I. 2017/488), arts. 1(2), 10(4)

Article 7U.K.Other derivative financial instruments

3.  For the purposes of [F4paragraph 10 of Part 1 of Schedule 2 to this Order], a derivative contract relating to an underlying referred to in that Section or in Article 8 of this Regulation shall be considered to have the characteristics of other derivative financial instruments where one of the following conditions is satisfied:U.K.

(a)it is settled in cash or may be settled in cash at the option of one or more of the parties, otherwise than by reason of a default or other termination event;

(b)it is traded on a regulated market, an MTF, an OTF F5...;

(c)the conditions laid down in paragraph 1 are satisfied in relation to that contract.]]

Textual Amendments