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The Financial Services and Markets Act 2000 (Excluded Activities and Prohibitions) Order 2014
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21. A ring-fenced body does not carry on an excluded activity or contravene a prohibition imposed by this Order by holding or selling any investments on or after 1st January 2019 provided that—
(a)the investment in question was created or acquired by the ring-fenced body before 1st January 2019, and
(b)the period remaining until the investment matures is less than two years at 1st January 2019.
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