PART 2Amendments to the Act

CHAPTER 11Part 20 of the Act: provision of financial services by members of the professions

Section 327 (exemption from the general prohibition)64.

In section 327 (exemption from the general prohibition)—

(a)

in subsection (1)(aa), for “Section A of Annex 1 of the markets in financial instruments directive”, substitute “ Part 3 of Schedule 2 to the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 ”;

(b)

in subsection (7A)(a), omit “for the purposes of the markets in financial instruments directive”;

(c)

in subsection (7B), omit “for the purposes of the markets in financial instruments directive”;

(d)

in subsection (7C), for the words from “Article 4(a)” to the end, substitute “ paragraph 6(a) to (c) of Schedule 3 to the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 ”.