The Financial Markets and Insolvency (Amendment) Regulations 1992
The Regulations amend the Financial Markets and Insolvency Regulations 1991 to bring up to date the reference to Clients' Money regulations. This does not result in any material change to the arrangements. Regulation 16 of the Financial Markets and Insolvency Regulations 1991 makes provision as to the circumstances in which certain contracts effected by a member or designated non-member of a recognised investment exchange or by a member of a recognised clearing house as principal are to be treated as having been effected in a different capacity from other contracts he has effected as principal.