(1) When an investment firm provides to its clients investment services that consist only of -
(a) the execution of client orders,
(b) the reception and transmission of client orders, or
(c) both,
with or without ancillary services, the firm may do so without the need to obtain the information, or to make the assessment, provided for in Regulation 76(4) if all of the following conditions are met:
(i) those services relate to -
(I) shares admitted to trading on a regulated market or on an equivalent third country market,
(II) money market instruments, bonds or other forms of securitised debt (excluding those bonds or securitised debt that embed a derivative), or
(III) units in a UCITS and other non-complex financial instruments;
(ii) those services are provided at the initiative of the client or potential client;
(iii) the investment firm warns the client or potential client that -
(I) in the provision of those services, the investment firm is not required to assess the suitability