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5.—(1) Subject to paragraph (2) below, nothing in the following enactments, namely—
(a)sections 3 and 4 of the Financial Services Act (restrictions on carrying on investment business); and
(b)sections 21, 39(1) and 147(1) of the Consumer Credit Act (Consumer Credit Act businesses needing a licence),
shall prevent a European investment firm from providing in the United Kingdom any listed service which it is authorised to provide in its home State.
(2) In relation to a European investment firm in respect of which a prohibition under these Regulations is in force—
(a)paragraph (1)(a) above shall not apply if the prohibition is under regulation 9 below; and
(b)paragraph (1)(b) above shall not apply if the prohibition is under regulation 15 below.
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