Relevant dealing in financial instruments
This section has no associated Explanatory Notes
11(1)In this Part “financial instrument” means anything that is a financial instrument for any purpose of the FSA Handbook.
(2)For the purposes of this Part, a dealing in a financial instrument is a “relevant dealing” if—
(a)it is a dealing other than in the capacity of a broker, and
(b)profits or losses on the dealing form part of the trading profits or losses of a business.
(3)In this paragraph “broker” includes any person offering to sell securities to, or purchase securities from, members of the public generally.