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Version status: In force | Document consolidation status: Assimilated law updated to reflect all known changes
Version date: 31 December 2020
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Article 6 Energy derivative contracts relating to oil and coal and wholesale energy products

1. For the purposes of paragraph 6 of Part 1 of Schedule 2 to the Regulated Activities Order, energy derivative contracts relating to oil shall be contracts with mineral oil, of any description and petroleum gases, whether in liquid or vapour form, including products, components and derivatives of oil and oil transport fuels, including those with biofuel additives, as an underlying.

2. For the purposes of paragraph 6 of Part 1 of Schedule 2 to the Regulated Activities Order, energy derivative contracts relating to coal shall be contracts with coal, defined as a black or dark-brown combustible mineral substance consisting of carbonised vegetable matter, used as a fuel, as an underlying.

3. For the purposes of paragraphs 6 and 7 of Part 1 of Schedule 2 to the Regulated Activities Order derivative contracts that have the characteristics of wholesale energy products as defined in Article 2(4) of Regulation (EU) No 1227/2011 shall be derivatives with electricity or natural gas as an underly

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