Official Receiver’s exemption from the prohibition

Official receivers and insolvency practitioners are exempt from the section 19 prohibition in respect of the following regulated activities:

• Dealing in investments as principal;

• Dealing in investments as agent;

• Arranging deals in investments;

• Managing investments;

• Safeguarding and administering investments;

• Sending dematerialised instructions;

• Establishing, operating or winding up a collective investment scheme, acting as trustee of an authorised unit trust scheme, or acting as depository or sole director of an open-ended investment company;

• Establishing, operating or winding up a stakeholder pension scheme;

• Advising on investments.