[F1424AInvestment firmU.K.
(1)In this Act [F2(except as otherwise provided)], “investment firm” has the meaning given in [F3paragraph 2.1A of the markets in financial instruments regulation].
(2)Subsection (1) is subject to [F4subsection (5)].
F5(3). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F5(4). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(5)References in this Act to an “investment firm” do not include references to—
[F6(a)a person excluded from the definition of “investment firm” in Article 3(1) of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 (S.I. 2001/544) by paragraph (a) or (b) of that definition; or]
[F6(b)a firm which has a Part 4A permission to carry on regulated activities as an exempt investment firm within the meaning of regulation 8 of the Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 2017 (S.I. 2017/701).]]
Textual Amendments
F1S. 424A inserted (6.12.2006) by The Financial Services and Markets Act 2000 (Markets in Financial Instruments) (Modification of Powers) Regulations 2006 (S.I. 2006/2975), reg. 10
F2Words in s. 424A(1) inserted (1.7.2021) by Financial Services Act 2021 (c. 22), s. 49(5), Sch. 2 para. 16 (with Sch. 2 Pt. 3); S.I. 2021/671, reg. 4(b)
F3Words in s. 424A(1) substituted (31.12.2020) by The Financial Services and Markets Act 2000 (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/632), regs. 1(3), 90(2); 2020 c. 1, Sch. 5 para. 1(1)
F4Words in s. 424A(2) substituted (31.12.2020) by The Financial Services and Markets Act 2000 (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/632), regs. 1(3), 90(3); 2020 c. 1, Sch. 5 para. 1(1)
F5S. 424A(3)(4) omitted (31.12.2020) by virtue of The Financial Services and Markets Act 2000 (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/632), regs. 1(3), 90(4); 2020 c. 1, Sch. 5 para. 1(1)
F6S. 424A(5)(a)(b) substituted (31.12.2020) by The Financial Services and Markets Act 2000 (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/632), regs. 1(3), 90(5); 2020 c. 1, Sch. 5 para. 1(1)