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Version status: Revoked | Document consolidation status: Updated to reflect all known changes
Version date: 3 January 2018 - onwards
  Version 3 of 3    

Regulation 123 Freedom of investment firms from other Member States to provide services in State

Revoked from 3 January 2018

(1) A Member State investment firm may provide within the State investment services and any ancillary services, if the services are permitted under the firm's authorisation in its home Member State.

(2) A Member State investment firm intending to -

(a) provide investment services or investment services together with ancillary services in the State for the first time, or

(b) change the range of services the firm provides within the State,

shall communicate to the competent authority of the firm's home Member State the following information:

(i) the firm's intention to operate in the State;

(ii) the firm's proposed programme of operations in the State, stating in particular the investment services and ancillary services that the investment firm intends to provide and whether it intends to use tied agents in the State, and if that is its intent, the identity of the tied agents.

(3) Where -

(a) the Bank receives the information referred to in paragraph (2), from the competent authorit

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