UCITS firm
- (a) is 43a management company,43 including where in addition the firm is also the operator of a collective investment scheme which is not a UCITS scheme; and
- (b) does not have a97 Part 4A permission 97 (or an equivalent permission from its Home State regulator)43 to carry on any regulated activities other than those which are in connection with, or for the purpose of, such schemes.7
a firm which: