Modifications etc. (not altering text)
C1Sch. 1 amended by S.I. 1988/496, art. 4
C2Sch. 1 amended by S.I. 1988/803, art. 5
26(1)Paragraph 12 above does not apply to any transaction by a person not falling within section 1(3)(a) of this Act (“an overseas person") with or through—
(a)an authorised person; or
(b)an exempted person acting in the course of business in respect of which he is exempt.
(2)Paragraph 13 above does not apply if—
(a)the arrangements are made by an overseas person with, or the offer or agreement to make them is made by him to or with, an authorised person or an exempted person and, in the case of an exempted person, the arrangements are with a view to his entering into a transaction in respect of which he is exempt; or
(b)the transactions with a view to which the arrangements are made are, as respects transactions in the United Kingdom, confined to transactions by authorised persons and transactions by exempted persons in respect of which they are exempt.
Modifications etc. (not altering text)
C3Sch. 1 para. 26 amended (1.1.1993) by S.I. 1992/3218, reg. 55, Sch. 9 para. 44(3).
Sch. 1 para. 26 (1.1.1996) by S.I. 1995/3275, reg. 32, Sch. 7 para. 42(3)