CAD investment firm
153a firm that is subject to the requirements imposed by MiFID (or which would be subject to that Directive if its head office were in an EEA State) but excluding a bank, a building society, a credit institution, a local firm211 and an exempt CAD firm that meets the following conditions:
- (a) it is a firm as defined in article 4(1)(2)(c) of the EU CRR;
- (b) it is authorised to provide one or more the following investment services:
- (i) (execution of orders on behalf of clients;
- (ii) portfolio management; and
- (c) it may provide one or more of the following investment services:
- (i) reception and transmission of orders in relation to one or more financial instruments;
- (ii) investment advice.