PART 2 U.K. Exempt and third-country investment firms

CHAPTER 1 U.K. Exempt investment firms

Meaning of “exempt investment firm” in Chapter 1 U.K.

8.  In this Chapter “ exempt investment firm” means an authorised person who—

(a) is an investment firm; and

(b) has a Part 4A permission;

[F1 but to whom the appropriate regulator has granted exemption from authorisation and operating conditions which usually apply to investment firms.]

Textual Amendments

F1 Words 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)