A company is not entitled to the exemption conferred by section 480 (dormant companies) if it was at any time within the financial year in question a company that -
(za) is a traded company as defined in section 474(1),
(a) is an authorised insurance company, a banking company, an e-money issuer, a MiFID investment firm or a UCITS management company, or
(b) carries on insurance market activity.