Section 32(10)

In this regulation the provision of direct electronic access is in accordance with the law of the United Kingdom for the purposes of Article 54.1 (transitional provisions) of the markets in financial instruments regulation if it is an activity subject to the exclusion in Article 72 (overseas persons) of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2000 .

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