52. Amendment of section 2 of Act of 1995.
Section 2 of the Act of 1995 is hereby amended -
(a) in subsection (1) -
(i) in the definition of "investment advice" by the insertion in paragraph (d) after "and the purchase" of "or sale" and the paragraph as so amended is set out in the Table to this paragraph.
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(d) advice to undertakings on capital structure, industrial strategy and related matters and advice relating to mergers and the purchase or sale of undertakings, |
(ii) in the definition of "investment advice" in paragraph (e) by the substitution for "is a necessary part of" of "arises from" and the paragraph as so amended is set out in the Table to this subparagraph.
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(e) advice given by persons in the course of the carrying on of any profession or business not otherwise constituting the business of an investment business firm, where the giving of such advice arises from other advice or services given in the course of carrying on that profession or business, and where the giving of investment advice is not remunerated or rewarded separately from such other advice or services; |
(iii) in the definition of "investment business firm" by the insertion after "credit institution" of "or member firm (within the meaning of the Stock Exchange Act, 1995)" in each place it occurs and the definition as so amended is set out in the Table to this subparagraph.
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