exempt CAD firm
- (1) (except in SYSC and IPRU(INV)) a firm as defined in article 4(1)(2)(c) of the UK CRR137 that is authorised to provide only one or more of119 the following investment services:
- (a) investment advice;
- (b) receive and transmit orders from investors as referred to in Part 3 of Schedule 2 to the Regulated Activities Order137.119
- (2) (in SYSC and IPRU(INV)) a firm in (1) whose head office (or, if it has a registered office, that office) is in the United Kingdom119.