(1) The Financial Services and Markets Act 2000 (Excluded Activities and Prohibitions) Order 2014 [S.I. 2014/2080, amended by S.I. 2016/1032 and 2017/1167.] is amended as follows.

(2) In article 1(4) (interpretation) -

(a) for the definition of "alternative investment fund" substitute -

""alternative investment fund" has the meaning given in regulation 3 of the Alternative Investment Fund Managers Regulations 2013 [S.I. 2013/1773, to which there are amendments not relevant to these Regulations.], but as if in paragraph (1) (b) of that regulation for "UK UCITS" there were substituted "UCITS;";

(b) for the definition of "alternative investment fund manager" substitute -

""alternative investment fund manager" means a legal person whose regular business is managing one or more alternative investment funds;";

(c) after the definition of "alternative investment fund manager" insert -

""Annex 1 activities" has the meaning given in article 4.1(26A) of the prudential requirements regulation;";

(d) for the definition of "derivative instrument" substitute -

""derivative instrument" includes any instruments within the meaning of article 2.1(29) of the markets in financial instruments regulation;";