Article 7 Amendments to article 83 of the Order: options

after “directive” insert “read with Articles 5, 6, 7 and 8 of the Commission Regulation”;

for “the text of which is set out in Part I” substitute “the texts of which are set out in Parts 1 and 2”.

in paragraph (i), after “Schedule 2” insert “(read with Articles 5 and 6 of the Commission Regulation)”;

in paragraph (ii), for “38” substitute “7”.

omit “or” at the end of sub-paragraph (b);

in sub-paragraph (c), for “paragraph 8” substitute “paragraph 8 or 9”;

after sub-paragraph (c) insert—

“, or

(d)

an AIFM is providing, in accordance with Article 6.4 of the alternative investment fund managers directive the investment service specified in paragraph 1, 4 or 5 of Section A, or the ancillary service specified in paragraph 1 of Section B, of Annex I to the markets in financial instruments directive.”.