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PART IIU.K. SPECIFIED ACTIVITIES

Chapter VIIIU.K.Safeguarding and Administering Investments

ExclusionsU.K.

Other exclusionsU.K.

44.  Article 40 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)[F1, 71 (employee share schemes)][F2, 72A (information society services)[F3, 72AA (managers of UCITS and AIFs) and 72C (provisions of information about contracts of insurance on an incidental basis)]].