86Exemption for activities with a community purpose

86 Exemption for activities with a community purpose (1) A person does not act as an introduction agent by carrying out an activity if— (a) the activity is carried out for a community purpose; and (b) the net proceeds from the activity are solely applied (or to be applied) to furthering that purpose. (2) In this section, ***community purpose*** means— (a) a philanthropic or benevolent purpose (including the promotion of art, culture, science, religion, education, medicine or charity); or (b) a sporting or recreational purpose (including the benefiting of any sporting or recreational club or association).