PART II SPECIFIED ACTIVITIES
Chapter XVIIExclusions Applying to Several Specified Kinds of Activity
Activities carried on in the course of a profession or non-investment business67
1
There is excluded from articles 21, 25(1) and (2) F2, 25A, F525B, 25C,F825E,F439A, 40F353F6, 53A, 53B, F953C, 53D and 53DA any activity which—
a
is carried on in the course of carrying on any profession or business which does not otherwise consist of F1the carrying on of regulated activities in the United Kingdom; and
b
may reasonably be regarded as a necessary part of other services provided in the course of that profession or business.
2
But the exclusion in paragraph (1) does not apply if the activity in question is remunerated separately from the other services.