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The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment No. 3) Order 2006
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24. In article 72(1) (overseas persons)—
(a)in paragraph (1) after “article 14” insert “or 25D”;
(b)in paragraph (2) after “article 21” insert “or 25D”;
(c)in paragraph (3) after “article 25(1)” insert “or 25D”;
(d)in paragraph (4) after “article 25(2)” insert “or 25D”;
(e)after paragraph (7) insert—
“(8) Paragraphs (1) to (5) do not apply where the overseas person is an investment firm or credit institution—
(a)who is providing or performing investment services and activities on a professional basis; and
(b)whose home Member State is the United Kingdom.”.
(1)
Article 72 was amended by S.I. 2003/1475 and 1476 and 2006/2383.
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