| Person taking action | Exempted action |
| 1. The Secretary of State, a designated agency, a recognised self-regulating organisation, a recognised professional body or the competent authority. | Any such decision or proposed decision as is mentioned in Part 1 of this Schedule. |
| 2. A person (whether or not an individual) described in paragraph 1(a), (b), (c) or (d) or paragraph 2(b) or (c) of Part II of this Schedule. | Dismissing or excluding an individual from being or becoming an associate of the person in column 1. |
| 3. The issuer of securities listed or subject to an application for listing under Part IV of this Act. | Dismissing or excluding an individual from being or becoming an associate of the issuer. |
| 4. The Chief Registrar of friendly societies, the Registrar of Friendly Societies for Northern Ireland, a transferee body or a recognised self-regulating organisation for friendly societies. | Any such decision or proposed decision as is mentioned in Part I of this Schedule. |