investment services and/or activities

any of the services and activities listed in Part 3 of Schedule 2 to the Regulated Activities Order, relating to any of the instruments listed in Part 1 of Schedule 2 to that order,166 that is:

1. (a) reception and transmission of orders in relation to one or more financial instruments;57
2. (b) execution of orders on behalf of clients;57
3. (c) dealing on own account;57
4. (d) portfolio management;57
5. (e) the making of a personal recommendation;57
6. (f) underwriting of financial instruments and/or placing of financial instruments on a firm commitment basis;57
7. (g) placing of financial instruments without a firm commitment basis;57
8. (h) operation of multilateral trading facilities57; and150
9. (i) operation of an OTF.150

[Note: article 2(2) of MiFIR166 and regulation [5(8)] of the UK auctioning regulations178]