PART 3Restrictions on Financial Services and Markets

Business directly or indirectly with designated persons16.

A person must not participate, directly or indirectly, in any business arrangements, including joint ventures, with—

(a)

any person, entity or body listed in Annex IV of the Council Regulation; or

(b)

any other person, entity or body acting on behalf or at the direction of such a person, entity or body.