Custody of Investments

(a) Acting as custodian or depository of assets belonging to another person,
other than as custodian of a mutual fund or trustee of unit trust, where
(i) those assets include investments falling within paragraphs 1 to 6 of
Schedule 1; or
(ii) the custodial (or depositary) arrangements are such that those assets
may consist of or include investments specified in subparagraph (a)
(i) and the arrangements have at any time been held out as being
arrangements under which investments would be safeguarded.
(b) Acting as custodian of a mutual fund.
(c) Acting as the trustee of a unit trust.