PART 2AMENDMENTS OF THE PRINCIPAL ORDER

Amendments of the principal Order24

In article 7227 (overseas persons)—

a

in paragraph (1) after “article 14” insert “or 25D”;

b

in paragraph (2) after “article 21” insert “or 25D”;

c

in paragraph (3) after “article 25(1)” insert “or 25D”;

d

in paragraph (4) after “article 25(2)” insert “or 25D”;

e

after paragraph (7) insert—

8

Paragraphs (1) to (5) do not apply where the overseas person is an investment firm or credit institution—

a

who is providing or performing investment services and activities on a professional basis; and

b

whose home Member State is the United Kingdom.