Article 53 Limitations on exemptions for dormant companiesI1

In paragraph (3) of Article 257AA of the 1986 Order (dormant companies)^f1, for sub-paragraphs (a) and (b) substitute—

“(a)

a person who has permission under Part 4 of the Financial Services and Markets Act 2000 to carry on one or more regulated activities;

(b)

a person who carries on insurance market activity.”.