Article 16 1

(a)

consulting activities to investors or undertakings;

(b)

the issuance and distribution of credit ratings as defined in Article 3(1), point (a), of Regulation (EC) No 1060/2009;

(c)

the provision of benchmarks as defined in Article 3(1), point (5), of Regulation (EU) 2016/1011;

(d)

investment services and activities as defined in Article 4(1), point (2), of Directive 2014/65/EU;

(e)

statutory auditing on financial statements and assurance engagements on sustainability reporting within the meaning of Directive 2013/34/EU;

(f)

activities of credit institutions within the meaning of the Regulation (EU) No 575/2013, and insurance or reinsurance activities within the meaning of Directive 2009/138/EC.