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),]
(a) is an authorised insurance company, a banking company, an e-money issuer, [a MiFID investment firm] or a UCITS management company, or
(b) carries on insurance market activity.
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