Reaction catalyzed by glycosylphosphatidylinositol phospholipase D (3.1.4.50)

	phosphatidylinositol-glycan-anchored membrane form of acetylcholinesterase	+		H2O	=		soluble acetylcholinesterase	+
	phosphatidylinositol-glycan-anchored membrane form of acetylcholinesterase	+		H2O	=		soluble acetylcholinesterase	+		phosphatidic acid