(1) There are excluded from article 25A(2) arrangements where -
(a) they are arrangements under which a client is introduced to a person ("N") who is -
(i) an authorised person who has permission to carry on a regulated activity of the kind specified by any of articles 25A, 53A, and 61(1),
(ii) an appointed representative who may carry on a regulated activity of the kind specified by either of articles 25A and 53A without contravening the general prohibition, or
(iii) an overseas person who carries on activities specified by any of articles 25A, 53A and 61(1); and
(b) the conditions mentioned in paragraph (2) are satisfied.
(1A) There are excluded from article 25B(2) arrangements where -
(a) they are arrangements under which a client is introduced to a person ("N") who is -
(i) an authorised person who has permission to carry on a regulated activity of the kind specified by any of articles 25B, 53B and 63B(1),
(ii) an appointed representative who may carry on a regulated activity of th
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