The Financial Services Act 1986 (Miscellaneous Exemptions) (No.2) Order 1988

8.  Any body corporate which has as its principal object or one of its principal objects the promotion or encouragement of industrial or commercial activity or enterprise in the United Kingdom or in any particular area of it or the dissemination of information concerning persons engaged in such activity or enterprise or requiring capital to become so engaged being a body corporate which has no direct or indirect pecuniary interest in the arrangements or in any investment agreement which may be entered into by persons participating in them except any such interest as may arise from the receipt of such sums as may reasonably be regarded as necessary to meet the costs of making the arrangements is an exempted person as respects any arrangements it makes which fall within paragraph 13 of Schedule 1 to the Financial Services Act 1986.