Whereas it is necessary to exclude from the scope of this Directive central banks and other bodies performing similar functions as well as public bodies charged with or intervening in the management of the public debt , which concept covers the investment thereof; whereas , in particular , this exclusion does not cover bodies that are partly or wholly State-owned the role of which is commercial or linked to the acquisition of holdings.
The above sentence is very complicated. Please provide me a simplified synonymous version consisting of multiple sentences:
To be excluded from the scope of the directive central banks and other institutions with similar functions , as well as the public institutions responsible for or involved in the management of government debt , including the placement of government debt . However , this exclusion does not apply in particular to institutions with public capital participation whose task is of a commercial nature or is related to the acquisition of participations .