Draft SI for firms who trade commodities or emission allowances as an ancillary activity
Draft statutory instrument, which will streamline the process for determining when firms who trade commodities or emission allowances as an ancillary activity need to be authorised as an investment firm.
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This SI will make amendments to legislation related to commodity derivatives and emission allowances. The draft SI is provided, alongside an explanatory policy note. HM Treasury intends to lay this SI before Parliament in Q1.