(1) Regulation 16 of the Financial Markets and Insolvency Regulations 1991 (circumstances in which member or designated non-member dealing as principal to be treated as acting in different capacities) is amended as follows.
(2) For paragraph (1)(a)(i) substitute -
"(i) which is a relevant investment; and".
(3) After paragraph (2) insert -
"(3) In paragraph (1)(a)(i) "relevant investment" means an investment of one of the following kinds -
(a) options;
(b) futures;
(c) contracts for differences;
(d) rights to or interests in an investment of a kind mentioned in sub-paragraphs (a) to (c).
(4) Paragraph (3) must be read with -
(a) section 22 of the Financial Services and Markets Act 2000;
(b) any relevant order under that section; and
(c) Schedule 2 to that Act.".