SCHEDULES
C1C2SCHEDULE 1 Investments and Investment Business
Sch. 1 amended by S.I. 1988/803, art. 5
C3Part III Excluded Activities
SCh. 1 Pt. III modified (1.1.1996) by S.,I. 1995/3271, arts. 5
Advice given F2or arrangements made in course of profession or non-investment business
Words inserted by S.I. 1988/803, art. 4(1)
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1
Paragraph 15 above does not apply to advice—
a
which is given in the course of the carrying on of any profession or of a business not otherwise constituting investment business; and
b
the giving of which is a necessary part of other advice or services given in the course of carrying on that profession or business.
F32
Paragraph 13 above does not apply to arrangements—
a
which are made in the course of the carrying on of any profession or of a business not otherwise constituting investment business; and
b
the making of which is a necessary part of other services provided in the course of carrying on that profession or business.
F42A
Paragraph 13A above does not apply to the provision of a service or to arrangements made for the provision of a service where—
a
the service is provided or the arrangements are made in the course of the carrying on of any profession or of a business not otherwise constituting investment business; and
b
the provision of the service or the making of the arrangements is a necessary part of other services provided in the course of carrying on that profession or business.
F53
Advice shall not be regarded as falling within sub-paragraph (1)(b) above, the making of arrangements shall not be regarded as falling within sub-paragraph (2)(b) above and the provision of a service or the arranging for the provision of a service shall not be regarded as falling within sub-paragraph (2A)(b) above if the giving of the advice, the making of the arrangements or the provision, or the arranging for the provision, of the service is remunerated separately from the other advice or services.
Sch. 1 amended by S.I. 1988/496, art. 4