57. Attorneys

Past version: effective from 20/10/2015 - 19/10/2015
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(1) A person does not carry on an activity of the kind specified by paragraph 56 if —
(a) he is a person appointed to manage the assets in question under a power of attorney; and
(b) all routine or day-to-day decisions, so far as relating to investments of a kind mentioned in paragraph 56, are taken on behalf of that person by —
(i) an Authorised Person with permission to carry on activities of the kind specified by paragraph 56;
(ii) a person who is an Exempt Person in relation to activities of that kind; or
(iii) a Non-Abu Dhabi Global Market Person.