Article 10 Derivatives: forward contracts and swaps
DRAFT Text amended Article 3 Amendments to the Financial Services and Markets Act 2000 (Excluded Activities and Prohibitions) Order 2014 of the Draft SI - Financial Services and Markets Act 2000 (Ring-fenced Bodies, Core Activities, Excluded Activities and Prohibitions) (Amendment) Order 2023
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DRAFT Text amended Article 9 Amendments to Part 2: excluded activities and exceptions of the Draft SI - Financial Services and Markets Act 2000 (Ring-fenced Bodies, Core Activities, Excluded Activities and Prohibitions) (Amendment) Order 2023
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(1) The requirements listed in this article are that the transaction is -
(a) a currency swap,
(b) an interest rate swap, or
(c) a forward contract relating to currencies or commodities, where the relevant contract specifies -
(i) the description and amount of the currency or commodity concerned;
(ii) the date when delivery will be made or when settlement will be made in cash; and
(iii) the exchange rate or commodity price which will apply.
(2) For the purposes of this article -