11 Reviews of proprietary trading: interpretation
Financial Services (Banking Reform) Act 2013 (2013 c 33) | Legislation

11  Reviews of proprietary trading: interpretation

(1)     This section has effect for the interpretation of sections 9 and 10.

(2)     A person engages in “proprietary trading” where the person trades in commodities or financial instruments as principal.

(3)     In subsection (2)—

(a)     “commodity” includes any produce of agriculture, forestry or fisheries, or any mineral, either in its natural state or having undergone only such processes as are necessary or customary to prepare the produce

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