After article 28 of the Regulated Activities Order insert -

"Arranging contracts to which the arranger is a party

28A.

(1) There are excluded from article 25A(1) any arrangements -

(a) for a contract into which the person making the arrangements enters or is to enter; or

(b) for a variation of a contract to which that person is (or is to become) a party.

(2) There are excluded from article 25A(2) any arrangements which a person makes with a view to contracts into which he enters or is to enter.".