(1) The Bank may give directions to a relevant person in relation to maintaining detailed records of financial contracts [For the meaning of "financial contracts" see the recovery and resolution directive, Article 2.1, point (100).] to which the relevant person is a party.
(2) A "relevant person" is -
(a) an institution authorised by the PRA or FCA; or
(b) an undertaking set up in the United Kingdom which is a subsidiary of an institution authorised by the PRA or FCA; or
(c) the UK parent undertaking.
(2A) "Financial contracts" means -
(a) securities contracts, including -
(i) contracts for the purchase, sale or loan of a security, a group or index of securities;
(ii) options on a security or group or index of securities;
(iii) repurchase or reverse repurchase transactions on any such security, group or index;
(b) commodities contracts, including -
(i) contracts for the purchase, sale or loan of a commodity or group or index of commodities for future delivery;
(ii) options on a commodi
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