Meaning of “exempt investment firm” in Chapter 1U.K.
This
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Memorandwm Esboniadol
8. In this Chapter “exempt investment firm” means an authorised person who—
(a)is an investment firm; and
(b)has a Part 4A permission;
[F1but to whom the appropriate regulator has granted exemption from authorisation and operating conditions which usually apply to investment firms.]
Textual Amendments
F1Words in reg. 8 substituted (31.12.2020) by The Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018 (S.I. 2018/1403), regs. 1(3), 8(3) (with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)