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PART IIU.K. SPECIFIED ACTIVITIES

Chapter VIU.K.Arranging Deals in Investments

ExclusionsU.K.

Other exclusionsU.K.

36.[F1(1)] Article 25 is also subject to the exclusions in articles 66 (trustees etc.), 67 (profession or non-investment business), 68 (sale of goods and supply of services), 69 (groups and joint enterprises), 70 (sale of body corporate), 71 (employee share schemes) [F2, 72 (overseas persons) [F3, 72A (information society services), 72B (activities carried on by a provider of relevant goods or services), 72C (provision of information about contracts of insurance on an incidental basis) and 72D (large risks contracts where risk situated outside the EEA)]].

[F4(2) [F5Articles 25A, 25B [F6, 25C and 25E] are] also subject to the exclusions in articles 66 (trustees etc.), 67 (profession or non-investment business), 72 (overseas persons) and 72A (information society services).]

[F7(3) Article 25D is also subject to the exclusion in article 72 (overseas persons).]