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18. Regulation 14 of the Banking Act 1987 (Exempt Transactions) Regulations 1988(1) shall have effect as if—
(a)the reference in subsection (1) to a person who is an authorised person under the Financial Services Act included a reference to a European investment firm carrying on home-regulated investment business in the United Kingdom; and
(b)the reference in paragraph (2) to such an authorised person included a reference to a European investment firm.
There are amendments not relevant to these Regulations.
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