BANK 1.3.3 Investment dealer
(1) An authorised firm is an investment dealer if:
(a) it is authorised to conduct the regulated activity of dealing in investments as principal; and
(b) it is not a deposit-taker.
(2) A firm is an investment dealer even if it is also authorised to conduct any other regulated activity (except deposit taking and providing credit facilities). The authorisation for dealing in investments (and the absence of an authorisation that would make it a deposit-taker) makes the firm an investment dealer.
|Amended by QFCRA RM/2015-3 (as from 1st January 2016).|