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.