For Schedule 2 (Annex to the Investment Services Directive) substitute -
"Schedule 2 Sections A and C of Annex I to the Markets in Financial Instruments Directive and Related Community Subordinate Legislation
Part 1 Section C of Annex I to the Markets in Financial Instruments Directive
Article 3(1)
"Financial instruments
1. Transferable securities;
2. Money-market instruments;
3. Units in collective investment undertakings;
4. Options, futures, swaps, forward rate agreements and any other derivative contracts relating to securities, currencies, interest rates or yields, or other derivatives instruments, financial indices or financial measures which may be settled physically or in cash;
5. Options, futures, swaps, forward rate agreements and any other derivative contracts relating to commodities that must be settled in cash or may be settled in cash at the option of one of the parties (otherwise than by reason of a default or other termination event);
6. Options, futures, swaps, an