34(1) (except in SYSC and IPRU(INV)39) has the meaning set out BIPRU 1.1.16 R (Types of investment firm: exempt CAD firm) which is in summary an investment firm that satisfies certain specified conditions.34
34(2) (in SYSC and IPRU(INV)39) a firm in (1) whose head office (or, if it has a registered office, that office) is in the United Kingdom.34
