(1) In this Regulation, "Act of 1995" means the Investment Intermediaries Act 1995.
(2) Section 2(1) of the Act of 1995 is amended -
(a) by inserting the following after the definition of "deposit broker";
"'Directive 2014/65/EU' means Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU;",
(b) by inserting the following after the definition of "life assurance intermediary":
"'management body' means the body or bodies of an investment business firm which are appointed in accordance with the law of the State or the law of another Member State, which are empowered to set the firm's strategy, objectives and overall direction, and which oversee and monitor management decision-making and includes persons who effectively direct the business of the entity;", and
(c) by inserting the following after the definition of "supervisory authority":
"'tied agent' means a person a
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