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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 July 2021 - onwards
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424A. Investment firm

(1) In this Act (except as otherwise provided), "investment firm" has the meaning given in paragraph 2.1A of the markets in financial instruments regulation.

(2) Subsection (1) is subject to subsection (5).

(3) [deleted]

(4) [deleted]

(5) References in this Act to an "investment firm" do not include references to -

(a) a person excluded from the definition of "investment firm" in Article 3(1) of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 (S.I. 2001/544) by paragraph (a) or (b) of that definition; or

(b) a firm which has a Part 4A permission to carry on regulated activities as an exempt investment firm within the meaning of regulation 8 of the Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 2017 (S.I. 2017/701).

Comparing proposed amendment...