(1) A person ("C"), a member of the same group as C or a relevant trustee does not carry on an activity of the kind specified by article 14 by entering as principal into a transaction the purpose of which is to enable or facilitate -
(a) transactions in shares in, or debentures issued by, C between, or for the benefit of, any of the persons mentioned in paragraph (2); or
(b) the holding of such shares or debentures by, or for the benefit of, such persons.
(2) The persons referred to in paragraph (1) are -
(a) the bona fide employees or former employees of C or of another member of the same group as C;
(b) the wives, husbands, widows, widowers, civil partners, surviving civil partners, or children or step-children under the age of eighteen of such employees or former employees.
(3) C, a member of the same group as C or a relevant trustee does not carry on an activity of the kind specified by article 21 by entering as agent into a transaction of the kind described in paragraph (1).
(4) T
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