71.—(1) A person (“C”), a member of the same group as C or a relevant trustee does not carry on an activity of the kind specified by article 14 by entering as principal into a transaction the purpose of which is to enable or facilitate—
(a)transactions in shares in, or debentures issued by, C between, or for the benefit of, any of the persons mentioned in paragraph (2); or
(b)the holding of such shares or debentures by, or for the benefit of, such persons.
(2) The persons referred to in paragraph (1) are—
(a)the bona fide employees or former employees of C or of another member of the same group as C;
(b)the wives, husbands, widows, widowers, or children or step-children under the age of eighteen of such employees or former employees.
(3) C, a member of the same group as C or a relevant trustee does not carry on an activity of the kind specified by article 21 by entering as agent into a transaction of the kind described in paragraph (1).
(4) There are excluded from article 25(1) or (2) arrangements made by C, a member of the same group as C or a relevant trustee if the arrangements in question are for, or with a view to, a transaction of the kind described in paragraph (1).
(5) There is excluded from article 40 any activity if the assets in question are, or are to be, safeguarded and administered by C, a member of the same group as C or a relevant trustee for the purpose of enabling or facilitating transactions of the kind described in paragraph (1).
(6) In this article—
(a)“shares” and “debentures” include—
(i)any investment of the kind specified by article 76 or 77;
(ii)any investment of the kind specified by article 79 or 80 so far as relevant to articles 76 and 77; and
(iii)any investment of the kind specified by article 89 so far as relevant to investments of the kind mentioned in paragraph (i) or (ii);
(b)“relevant trustee” means a person who, in pursuance of the arrangements made for the purpose mentioned in paragraph (1), holds, as trustee, shares in or debentures issued by C.