Article 25 is also subject to the exclusions in articles 66 (trustees etc.), 67 (profession or non-investment business), 68 (sale of goods and supply of services), 69 (groups and joint enterprises), 70 (sale of body corporate), 71 (employee share schemes)F2, 72 (overseas persons)F3,F4...72B (activities carried on by a provider of relevant goods or services), 72C (provision of information about contracts of insurance on an incidental basis)F5, 72AA (managers of F6UK UCITS and AIFs)F7, 72D (large risks contracts where risk situated F8outside the United Kingdom), 72G (local authorities) and 72H (insolvency practitioners).

F10Articles 25A, 25BF11, 25C and 25E are also subject to the exclusions in articles 66 (trustees etc.), 67 (profession or non-investment business), 72 (overseas persons)F12,F13...F14 72AA (managers of F6UK UCITS and AIFs) and 72G (local authorities).

Article 25A is also subject to the exclusion in article 72I (registered consumer buy-to-let mortgage firms).

Article 25D is also subject to F17the exclusions in articles 72 (overseas persons)F18, 72AA (managers of F6UK UCITS and AIFs) and 72H (insolvency practitioners).