The Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 2017 No. 701

PART 2 U.K. Exempt and third-country investment firms

CHAPTER 1 U.K. Exempt investment firms

Meaning of “exempt investment firm” in Chapter 1 U.K.

8.  In this Chapter “ exempt investment firm” means an authorised person who—

(a) is an investment firm; and

(b) has a Part 4A permission;

but to whom Title II of the markets in financial instruments directive does not apply by virtue of Article 3 of the markets in financial instruments directive.