SCHEDULE 2 U.K.Amendments to the Financial Services and Markets Act 2000

Amendments to Part 6 (official listing) U.K.

6.  In section 86(7) M1 (exempt offers to the public) for subsection (d) substitute—

“(d) a person whom—

(i) any relevant firm was authorised to continue to treat as a professional client immediately before 3 January 2018^{by virtue of Article 71.6 (transitional provisions) of Directive 2004/39/EC on markets in financial instruments M2 ; and}

(ii) the firm may continue to treat as a professional client from 3 January 2018 by virtue of Section II.2 of Annex II to the markets in financial instruments directive.”.

Marginal Citations

M1 Section 86(7) was inserted S.I. 2005/1433 and amended by S.I. 2012/1538.

M2 OJ L145 30.4.2004 p.1.