Section 481 | Companies excluded from dormant companies exemption

A company is not entitled to the exemption conferred by section 480 (dormant companies) if it was at any time within the financial year in question a company that—

(za)is a traded company as defined in section 474(1),^F1

(a)is an authorised insurance company, a banking company, an e-money issuer, a MiFID investment firm or a UCITS management company, or^F2

(b)carries on insurance market activity.