Regulation 17 Authorisation orders: holding of units

In section 261E^f1 (authorisation orders: holding of units), in the definition of “professional investor” in subsection (4), for “(1) to (4) of Section I of Annex II to the markets in financial instruments directive (professional clients for the purpose of that directive)” substitute “(a) to (d) of paragraph 3 of Schedule 1 to the markets in financial instruments regulation”^f2.