(1) This section applies to bodies corporate incorporated in and having a principal place of business in the United Kingdom, other than—
(a) bodies incorporated by, or registered under, a public general Act of Parliament;
(b) bodies not formed for the purpose of carrying on a business that has for its object the acquisition of gain by the body or its individual members;
(c) bodies for the time being exempted from this section by direction of the Secretary of State;
(d) open-ended investment companies;
[(e) protected cell companies registered under Part 4 of the Risk Transformation Regulations 2017].
(2) The Secretary of State
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