Authorisation orders: holding of unitsU.K.
This section has no associated Explanatory Memorandum
17. In section 261E M1 (authorisation orders: holding of units), in the definition of “professional investor” in subsection (4), for “(1) to (4) of Section I of Annex II to the markets in financial instruments directive (professional clients for the purpose of that directive)” substitute “ (a) to (d) of paragraph 3 of Schedule 1 to the markets in financial instruments regulation ”M2 .
Commencement Information
I1Reg. 17 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(2)
Marginal Citations
M1Section 261E was inserted by S.I. 2013/1388.
M2Schedule 1 to Regulation (EU) No. 600/2014 is inserted by S.I. 2018/.