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SCHEDULE 1U.K. CONTRACTS OF INSURANCE

PART IIU.K. CONTRACTS OF LONG-TERM INSURANCE

Pension fund managementU.K.

VII.    

(a)Pension fund management contracts, and

(b)pension fund management contracts which are combined with contracts of insurance covering either conservation of capital or payment of a minimum interest,

where effected or carried out by a person who does not carry on a banking business, and otherwise carries on a regulated activity of the kind specified by article 10(1) or (2).