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Version status: Revoked | Document consolidation status: Updated to reflect all known changes
Version date: 29 August 2023 - onwards
  Version 4 of 4    

Regulation 8 Exempt and third country investment firms

Revoked from 29 August 2023

(1) Omit regulation 5.

(2) In regulation 6 -

(a) in paragraph (3)(c) -

(i) for paragraph (i), substitute -

"(i) an investment firm which -

(aa) has a Part 4A permission to carry on regulated activities relating to investment services and activities; or

(bb) is authorised in accordance with the markets in financial instruments directive;";

(ii) for paragraph (ii), substitute -

"(ii) a credit institution which -

(aa) has a Part 4A permission to carry on the regulated activity of accepting deposits and falls within paragraph (3A); or

(bb) is authorised in accordance with Directive 2013/36/EU of the European Parliament and of the Council of 26 June 2013 on access to the activity of credit institutions and investment firms;";

(iii) in paragraph (iv), after "the law of" insert "the United Kingdom or of";

(iv) in paragraph (v), after "dealt in on" insert "a UK regulated market or";

(b) after paragraph (3), insert -

"(3A) A credit institution falls within this paragraph if -

(a) it has it

Comparing proposed amendment...