PART IIU.K. SPECIFIED ACTIVITIES

Chapter IIU.K.Accepting Deposits

ExclusionsU.K.

Sums received by persons authorised to deal etc.U.K.

8.  A sum is not a deposit for the purposes of article 5 if it is received by a person who is—

(a)an authorised person with permission to carry on an activity of the kind specified by any of articles 14, 21, 25, 37, [F151ZA, 51ZB, 51ZC, 51ZD, 51ZE] and 52, or

(b)an exempt person in relation to any such activity,

in the course of, or for the purpose of, [F2carrying on any such activity (or any activity which would be such an activity but for any exclusion made by this Part)] with or on behalf of the person by or on behalf of whom the sum is paid.