33In the light of the foregoing considerations, the answer to the question referred is that Article 13B(d)(6) of the Sixth Directive must be interpreted as meaning that advisory services concerning investment in transferable securities, provided by a third party to an IMC which is the manager of a special investment fund, fall within the concept of ‘management of special investment funds’ for the purposes of the exemption laid down in that provision, even if the third party has not acted on the basis of a mandate within the meaning of Article 5g of Directive 85/611 as amended by Directive 2001/107.
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