1 Amendments of Rolandas PAKSAS related to 2011/0202(COD)
Amendment 243 #
Proposal for a regulation
Article 4 – paragraph 1 – point 8 – point c
Article 4 – paragraph 1 – point 8 – point c
(c) firms which are only authorised to provide the service of investment advice or portfolio management or receive and transmit orders from investors without holding money or securities belonging to their clients and which for that reason may not at any time place themselves in debt with those clients;