481Companies excluded from dormant companies exemption
This section has no associated Explanatory Notes
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—
(a)is an authorised insurance company, a banking company, an e-money issuer, an ISD investment firm or a UCITS management company, or
(b)carries on insurance market activity.