Advice given [F1or arrangements made] in course of profession or non-investment businessU.K.
Textual Amendments
F1Words inserted by S.I. 1988/803, art. 4(1)
24(1)Paragraph 15 above does not apply to advice—
(a)which is given in the course of the carrying on of any profession or of a business not otherwise constituting investment business; and
(b)the giving of which is a necessary part of other advice or services given in the course of carrying on that profession or business.
[F2(2)Paragraph 13 above does not apply to arrangements—
(a)which are made in the course of the carrying on of any profession or of a business not otherwise constituting investment business; and
(b)the making of which is a necessary part of other services provided in the course of carrying on that profession or business.
(3)Advice shall not be regarded as falling within sub-paragraph (1)(b) above and the making of arrangements shall not be regarded as falling within sub-paragraph (2)(b) above if the giving of the advice or the making of the arrangements is remunerated separately from the other advice or services.]
Textual Amendments
F2Sch. 1 para. 24(2)(3) substituted for paragraph 24(2) by S.I. 1988/803, art. 4(2)