Paragraph 6 Amendments to Part 6 (official listing)

In section 86(7) M1 (exempt offers to the public) for subsection (d) substitute—

“(d)

a person whom—

(i)

any relevant firm was authorised to continue to treat as a professional client immediately before 3 January 2018by virtue of Article 71.6 (transitional provisions) of Directive 2004/39/EC on markets in financial instruments M2; and

(ii)

the firm may continue to treat as a professional client from 3 January 2018 by virtue of Section II.2 of Annex II to the markets in financial instruments directive.”.