Article 4 Advertisements issued to persons sufficiently expert to understand the risks involved

in paragraph (1) after the words “not an authorised person” there shall be inserted—

“nor a European investment firm carrying on home-regulated investment business in the United Kingdom”

after paragraph (3)(a) there shall be inserted—

“(aa)

a European investment firm carrying on home-regulated business in the United Kingdom; or”

at the end of paragraph (4) there shall be inserted—

“and in paragraphs (1) and (3)(aa) above, “European investment firm” and “home-regulated investment business” have the meanings given by regulation 2 of the Investment Services Regulations 1995”^f1.