Amendments to article 83 of the Order: options7
1
Article 83 of the Order14 (options) is amended as follows.
2
In paragraph (1)(e)—
a
after “directive” insert “read with Articles 5, 6, 7 and 8 of the Commission Regulation”;
b
for “the text of which is set out in Part I” substitute “the texts of which are set out in Parts 1 and 2”.
3
In paragraph (2)(d)—
a
in paragraph (i), after “Schedule 2” insert “(read with Articles 5 and 6 of the Commission Regulation)”;
b
in paragraph (ii), for “38” substitute “7”.
4
In paragraph (3)(c), after “with” insert “Articles 7 and 8 of”.
5
In paragraph (4)—
a
omit “or” at the end of sub-paragraph (b);
b
in sub-paragraph (c), for “paragraph 8” substitute “paragraph 8 or 9”;
c
after sub-paragraph (c) insert—
, or
d
an AIFM is providing, in accordance with Article 6.4 of the alternative investment fund managers directive the investment service specified in paragraph 1, 4 or 5 of Section A, or the ancillary service specified in paragraph 1 of Section B, of Annex I to the markets in financial instruments directive.