PART II SPECIFIED ACTIVITIES
Chapter VIArranging Deals in Investments
Exclusions
Arranging transactions to which the arranger is a party28
1
There are excluded from article 25(1) any arrangements for a transaction into which the person making the arrangements enters or is to enter as principal or as agent for some other person.
2
There are excluded from article 25(2) any arrangements which a person makes with a view to transactions into which he enters or is to enter as principal or as agent for some other person.