36 Meaning of wholesale investor

A person is a wholesale investor,—


in relation to an offer of financial products, when the person is a wholesale investor under the definition of that term in clause 3; or


in relation to the supply of a discretionary investment management service or any other relevant transaction, if (at the relevant time) the person—


is an investment business (see clause 37); or


meets the investment activity criteria specified in clause 38; or


is large (see clause 39); or


is a government agency (see clause 40); or


is an eligible investor (see clause 41).