The establishment and management of personal equity plans within the meaning of the M1Finance Act 1986.

The establishment and management, or arranging for the establishment and management, of individual savings accounts; and in this paragraph “individual savings accounts" means plans of a kind referred to in section 333(1A) of the Income and Corporation Taxes Act 1988 F6.

The establishment and management of unit trust schemes within the meaning of the M2Financial Services Act 1986.

The carrying on of long-term or general business.

Arranging for the provision of, or giving advice as to, insurance of any description.

Arranging for the provision of credit, whether as agents for the borrower or the person providing credit and the provision of services in connection with current loan agreements to the person providing credit.

The provision of fund management services for trustees of pension funds.

The administration of estates and the execution of trusts of wills.

The provision of executry services (within the meaning of Part II of the M3Law Reform (Miscellaneous Provisions) (Scotland) Act 1990) where the subsidiary or body is an executry practitioner (within the meaning of that Part of that Act) and the administration of testamentary trusts.

The provision of administrative services for friendly societies or other bodies whose business consists of any activity falling within paragraphs 1 to 9 above.

The carrying on of a business which is a deposit-taking business within the meaning of the Banking Act 1987 M6 but only to the extent that money which is received as a deposit, or money which is lent, is received from, or lent to, an individual.

The carrying on of insurance business which is general business within the meaning of the Insurance Companies Act 1982 M7 but only to the extent that a contract of insurance which is effected or carried out is a contract which is effected with an individual.

The establishment and management of investment companies with variable capital falling within regulation 3(1) of the Open-Ended Investment Companies (Investment Companies with Variable Capital) Regulations 1996 M8 (an open-ended investment company).

The establishment and management of companies which are approved as investment trusts for the purposes of section 842 of the Income and Corporation Taxes Act 1988 M9.

Arranging for the provision of banking services by a UK institution or a European institution, and providing services in pursuance of such arrangements; and in this paragraph “UK institution" and “European institution" have the same meaning as in the Banking Co-ordination (Second Council Directive) Regulations 1992 F8, and “banking services" means such services as are ordinarily provided in the course of or in connection with a business which is a deposit-taking business for the purposes of the Banking Act 1987 F9.