PART II SPECIFIED ACTIVITIES
Chapter XVIIExclusions Applying to Several Specified Kinds of Activity
F1Insolvency practitioners72H
1
There is excluded from the provisions listed in paragraph (2) any activity carried on by a person acting as an insolvency practitioner.
2
The provisions are—
a
article 14 (dealing in investments as principal);
b
article 21 (dealing in investments as agent);
c
article 25 (arranging deals in investments);
d
article 25D (operating a multilateral trading facility);
e
article 37 (managing investments);
f
article 39A (assisting in the administration and performance of a contract of insurance);
g
article 39D (debt adjusting);
h
article 39E (debt-counselling);
i
article 39F (debt-collecting);
j
article 39G (debt administration);
k
article 40 (safeguarding and administering investments);
l
article 45 (sending dematerialised instructions);
m
article 51ZA (managing a UCITS);
n
article 51ZB (acting as trustee or depositary of a UCITS);
o
article 51ZC (managing an AIF);
p
article 51ZD (acting as trustee or depositary of an AIF);
q
article 51ZE (establishing etc. a collective investment scheme);
r
article 52 (establishing etc. a pension scheme);
s
article 53 (advising on investments);
t
article 89A (providing credit information services).
3
There is excluded from articles 39D, 39E and 89A any activity carried on by a person acting in reasonable contemplation of that person’s appointment as an insolvency practitioner.
4
There is excluded from article 64 any agreement made by a person acting as an insolvency practitioner to carry on an activity of the kind excluded by paragraph (1).
5
There is excluded from article 64 any agreement made by a person acting in reasonable contemplation of that person’s appointment as an insolvency practitioner to carry on an activity of the kind excluded by paragraph (3).