Regulation 7 Art market participants

in paragraph (1)(d), after “means” insert “, subject to paragraph (3),”;

after paragraph (2) insert—

“(3)

A firm or sole practitioner is not an art market participant for the purposes of paragraph (1)(d)(i) in relation to the sale of a work of art which is created by, or is attributable to, a member of the firm or the sole practitioner.”.