PART IIU.K. SPECIFIED ACTIVITIES

Chapter IVU.K.Dealing in Investments as Principal

ExclusionsU.K.

Other exclusionsU.K.

20.  Article 14 is also subject to the exclusions in articles 66 (trustees etc.), 68 (sale of goods and supply of services), 69 (groups and joint enterprises), 70 (sale of body corporate), 71 (employee share schemes)[F1, 72 (overseas persons)[F2, 72A (information society services)[F3, 72AA (managers of UCITS and AIFs) and 72H (insolvency practitioners)]]].