Regulation 6 Amendments to regulation 2 of the Principal Regulations

In regulation 2 of the Principal Regulations for the definition of “qualified dealer” there shall be substituted —

““qualified dealer” means a person who, not being a market maker or broker and dealer —

(a)

is an authorised person under Chapter III of Part I of the Financial Services Act 1986^f1, or

(b)

by virtue of paragraph 1 of Schedule 15 to that Act is to be treated as such a person;”.