Section 16(1)

For the purposes of regulation 15(2)(a), “the qualified investor condition” is that the rules of the primary MTF provide that— only qualified investors are permitted to trade on the primary MTF, and no qualified investor is permitted to trade on the primary MTF when acting (directly or through one or more intermediaries) on behalf of persons who are not themselves qualified investors.

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