Related provisions for PERG 2.5.7
1 - 3 of 3 items.
9This specified investment comprises emissions allowances that are auctioned as financial instruments or two-day emissions spots (together, emissions auction products).(1) 20There are two specified investments relating to the scheme for emission allowance trading within the UK:(a) 20the first kind comprises emission allowances that are auctioned as financial instruments or two-day emissions spots (together, emissions auction products); and(b) 20the second kind is an emission allowance
20Some other points about emission allowances are:91618(1) Emission allowance16 means an allowance as defined in article 3(a) of Directive 2003/87/EC or created under article 18 of the trading scheme order 2020. These provisions provide20 that an allowance is an allowance to emit one tonne of carbon dioxide equivalent during a specified period, only valid for the purpose of meeting the requirements of Directive 2003/87/EC or the trading scheme order 202020 and only transferable
4As with options, there is an additional category of instruments which are futures only in limited circumstances16. These are contracts as described in PERG 2.6.21 G:(1) that would not be regarded as having been entered into for investment purposes because they fail one of the tests mentioned in PERG 2.6.22 G;(2) that:16(a) fall within paragraph 4 of Part 1 of Schedule 2 to the Regulated Activities Order18 and relate to currencies (see PERG 13, Q31A to Q31S for guidance about
The specified investment category of contracts for differences covers:4(1) 4rights under contracts for differences;(2) 4rights under other contracts whose purpose or pretended purpose is to secure a profit or avoid a loss by reference to fluctuations in certain factors; and(3) 4derivative contracts for the transfer of credit risk16 (not within (1) or (2)) falling within paragraph 8 or 9 of Part 1 of Schedule 2 to the Regulated Activities Order18 (see PERG 13, Q31 for guidance