10D. Exemption for specified persons acting as agents

Paragraph (2) applies if —

a specified person executes or causes to be executed a specified derivatives contract as an agent of a party to the derivatives contract; and

a person acting in the course of the kind of business the specified person was carrying on would not reasonably be expected to have, for the purpose of that business, access to an item of information concerning that derivatives contract, being any information in items 57 to 75 in Part 1 of the First Schedule, when that person executed or caused that derivatives contract to be executed.

The specified person is exempt from reporting under section 125(2) of the Act —

the item of information mentioned in paragraph (1)(b); or

an amendment, modification, variation or change to that item of information.

Paragraph (2) applies if —

a specified person executes or causes to be executed a specified derivatives contract as an agent of a party to the derivatives contract; and

a person acting in the course of the kind of business the specified person was carrying on would not reasonably be expected to have, for the purpose of that business, access to an item of information concerning that derivatives contract, being any information in items 57 to 75 in Part 1 of the First Schedule, when that person executed or caused that derivatives contract to be executed.

The specified person is exempt from reporting under section 125(2) of the Act —

the item of information mentioned in paragraph (1)(b); or

an amendment, modification, variation or change to that item of information.