Odstavka 1(b) in (c) se ne uporabljata, če je izdajatelj investicijsko podjetje ali kreditna institucija in je vzpostavil učinkovite informacijske pregrade (Kitajski zid), ki jih nadzoruje pristojni organ, med tistimi, ki so odgovorni za obravnavanje notranjih informacij, ki se posredno ali neposredno nanašajo na izdajatelja (vključno z odločitvami o trgovanju v okviru programov "odkupa"), in tistimi, ki so odgovorni za trgovanje z lastnimi delnicami v imenu strank, kadar trgujejo z lastnimi delnicami v imenu teh strank.
Paragraphs 1(b) and (c) shall not apply if the issuer is an investment firm or credit institution and has established effective information barriers (Chinese Walls) subject to supervision by the competent authority, between those responsible for the handling of inside information related directly or indirectly to the issuer (including trading decisions under the "buy-back" programme) and those responsible for the trading of own shares on behalf of clients, when trading in own shares on behalf of those clients.