Schedule 4, paragraph 4

Descriptions of financial instrument (“the FMI sandbox instruments”) that may be traded under the FMI sandbox arrangements. The forms that the FMI sandbox instruments may take for the purposes of trading as part of the FMI sandbox arrangements. Limitations or prohibitions on the trading of the FMI sandbox instruments, or of other instruments that are converted from, or are otherwise linked to, the FMI sandbox instruments. Limitations (whether by reference to number, value or another metric) on the amount of FMI sandbox instruments permitted for trading under the FMI sandbox arrangements. References in this paragraph to the trading of FMI sandbox instruments include references to their settlement.

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Source: legislation.gov.uk · retrieved 2026-09-04