Section 15

In this Chapter— “clients considered to be professionals” means professional clients (as defined by Article 2(1)(8) of the markets in financial instruments regulation) who fall within Part 2 of Schedule 1 to that regulation; “power of intervention” means the power of the regulator to impose any requirement in relation to the firm in respect of which the power is exercisable which the regulator could impose if— the firm's permission was a Part 4A permission, within the meaning of the Act; and the regulator was entitled to exercise its power under section 55L(3) or 55M(3) of the Act; “third country firm” has the same meaning as in Article 2.1.42 of the markets in financial instruments regulation; “third country firm registered with the FCA” means a third country firm which— is registered in the register of third-country firms kept by the FCA in accordance with Article 48 (register) of the markets in financial instruments regulation; and has the right under Article 46.1 (general provisions) of the markets in financial instruments regulation to provide investment services or perform investment activities with or without any ancillary services to eligible counterparties and to clients considered to be professionals; ...

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Source: legislation.gov.uk · retrieved 2026-09-04