An investment firm shall be exempted from the requirements set out in subparagraphs (c) and (d) of Regulation 23(1), Regulation 23(2) and paragraphs (1) and (2) of Regulation 32, where the investment service it provides relates to bonds with no other embedded derivative than a make-whole clause or where the financial instruments are marketed or distributed exclusively to eligible counterparties.
Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 28 February 2022 - onwards
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