The provisions of this section shall not apply where investment or investment-related services are provided by a third-country firm at the sole initiative of the client.
Without prejudice to intra-group relationships, where a third-country firm, including through an entity acting on its behalf or having close links with that firm or any other person acting on behalf of that entity, approaches clients or potential clients, those services shall not be considered to be provided on the sole initiative of the client.
It is prohibited for any third-country firm to market financial instruments or investment services other than those for which the client has initiated the provision, other than through a branch authorised in accordance with article L. 532-48.