The Financial Services and Markets Act 2023 (Consequential Amendments) Regulations 2023
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Change 1
19 Commission Delegated Regulation (EU) 2017/565
(1) Commission Delegated Regulation (EU) 2017/565 of 25 April 2016 supplementing Directive 2014/65/EU of the European Parliament and of the Council as regards organisational requirements and operating conditions for investment firms and defined terms for the purposes of that Directive is amended as follows. (2) In Article 12 (systematic internalisers for shares, depositary receipts, ETFs, certificates and other similar financial instruments)— (a) in paragraph 2, omit “5, ”; (b) in paragraph 3, for “5(3A)” substitute “14(6D)”. (3) In the following provisions, for “5(3A)”, in each place where it occurs, substitute “14(6D)”— (a) in Article 13 (systematic internalisers for bonds), paragraph 2; (b) in Article 14 (systematic internalisers for structured finance products), paragraph 2; (c) in Article 15 (systematic internalisers for derivatives), paragraph 2; (d) in Article 16 (systematic internalisers for emission allowances), paragraph 2; (e) in Article 16ZA (transitional period: data for calculations), paragraph 1.
19 Commission Delegated Regulation (EU) 2017/565
(1) Commission Delegated Regulation (EU) 2017/565 of 25 April 2016 supplementing Directive 2014/65/EU of the European Parliament and of the Council as regards organisational requirements and operating conditions for investment firms and defined terms for the purposes of that Directive is amended as follows. (2) In Article 12 (systematic internalisers for shares, depositary receipts, ETFs, certificates and other similar financial instruments)— (a) in paragraph 2, omit “5, ”; (b) in paragraph 3, for “5(3A)” substitute “14(6D)”. (3) In the following provisions, for “5(3A)”, in each place where it occurs, substitute “14(6D)”— (a) in Article 13 (systematic internalisers for bonds), paragraph 2; (b) in Article 14 (systematic internalisers for structured finance products), paragraph 2; (c) in Article 15 (systematic internalisers for derivatives), paragraph 2; (d) in Article 16 (systematic internalisers for emission allowances), paragraph 2; (e) in Article 16ZA (transitional period: data for calculations), paragraph 1.
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