# Companies Act 2006, Section 481: Companies excluded from dormant companies exemption

Extent: E+W+S+N.I.

A company is not entitled to the exemption conferred by section 480 (dormant companies) if it was at any time within the financial year in question a company that—
(za) is a traded company as defined in section 474(1),
(a) is an authorised insurance company, a banking company, an e-money issuer, a MiFID investment firm or a UCITS management company, or
(b) carries on insurance market activity.

---
Source: https://www.legislation.gov.uk/ukpga/2006/46/section/481 (the official version)
Page: https://openlegislation.uk/companies-act-2006/section-481
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.