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important business service

    177means a service provided by a firm, or by another person on behalf of the firm, to one or more clients of the firm which, if disrupted, could:

      1. (1) cause intolerable levels of harm to any one or more of the firm’s clients; or
      1. (2) pose a risk to the soundness, stability or resilience of the UK financial system or the orderly operation of the financial markets.