s 481 Companies excluded from dormant companies exemption
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.