83. Recognised Bodies

A person who is a Body Corporate does not carry on the activity specified under paragraph 4 or 12 by way of business, if —

(a) the person carries on such activities as a member of a Recognised Body;
(b) the person carries on such activities for its own account or for another Body Corporate which is in the same Group as the person;
(c) the person restricts such activities to transactions on that Recognised Body involving or relating only to Commodity Derivatives;
(d) the main business of the person is dealing in relation to Commodity Derivatives; and
(e) the person is not part of a Group whose main business is the provision of financial services.