The Contracts for Difference (Standard Terms) Regulations 2014
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Change 1
12 A register of CFDs
(1) Where a CFD has been entered into in accordance with regulation 10, the CFD counterparty must within a reasonable time assign a unique identifier to the CFD. (2) The CFD counterparty must establish and maintain a register and enter the following information in the register— (a) the unique identifier of a CFD; (b) the information set out in a CFD notification; (c) any modification of standard terms; (d) the CFD counterparty’s reasons for accepting an application to modify standard terms; (e) any change to the strike price of a CFD; (f) any reduction to the capacity of a generating facility under a CFD; ... (g) where a CFD is terminated, the date on which termination occurs ; and (h) the date that a generator proposes to be the start date for the purposes of its CFD. (3) The CFD counterparty may enter any other information in the register which in its opinion would facilitate the administration of CFDs. (4) The CFD counterparty must, so far as it is reasonably practicable, ensure that entries in the register are accurate. (4A) Information published under paragraph (2)(h) must be updated each quarter. (5) The register must be published on the CFD counterparty’s website. (6) The CFD counterparty may exclude from publication any information falling within sub-paragraph (d) or (h) of paragraph (2) which in its opinion it would be entitled not to disclose in response to a request for its disclosure under the Freedom of Information Act 2000 or the Environmental Information Regulations 2004. (7) The CFD counterparty must give a generator an opportunity to make representations before deciding what information to exclude from publication.
12 A register of CFDs
(1) Where a CFD has been entered into in accordance with regulation 10, the CFD counterparty must within a reasonable time assign a unique identifier to the CFD. (2) The CFD counterparty must establish and maintain a register and enter the following information in the register— (a) the unique identifier of a CFD; (b) the information set out in a CFD notification; (c) any modification of standard terms; (d) the CFD counterparty’s reasons for accepting an application to modify standard terms; (e) any change to the strike price of a CFD; (f) any reduction to the capacity of a generating facility under a CFD; ... (g) where a CFD is terminated, the date on which termination occurs ; and (h) the date that a generator proposes to be the start date for the purposes of its CFD. (3) The CFD counterparty may enter any other information in the register which in its opinion would facilitate the administration of CFDs. (4) The CFD counterparty must, so far as it is reasonably practicable, ensure that entries in the register are accurate. (4A) Information published under paragraph (2)(h) must be updated each quarter. (5) The register must be published on the CFD counterparty’s website. (6) The CFD counterparty may exclude from publication any information falling within sub-paragraph (d) or (h) of paragraph (2) which in its opinion it would be entitled not to disclose in response to a request for its disclosure under the Freedom of Information Act 2000 or the Environmental Information Regulations 2004. (7) The CFD counterparty must give a generator an opportunity to make representations before deciding what information to exclude from publication.
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