[448B Companies excluded from the dormant subsidiaries exemption]
[448B Companies excluded from the dormant subsidiaries exemption]
Companies Act 2006 | Legislation

[The directors of a company are not entitled to the exemption conferred by section 448A (dormant subsidiaries) if the company was at any time within the financial year in question—

[(a)     a traded company,]

(b)     a company that—

(i)     is an authorised insurance company, a banking company, an e-Money issuer, a MiFID investment firm or a UCITS management company, or

(ii)     carries on insurance market activity, or