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Regulated activities—exclusions and exemptions

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Most recent Regulated activities—exclusions and exemptions content

Practice notes

Regulated activities—exempt persons

In this Practice Note, references to exemptions relate to persons who are exempt from the need to apply for authorisation from the Prudential...
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29th Apr
Practice notes

Exclusions and exemptions relating to the general prohibition—an introduction

This Practice Note provides an introduction to the exemptions and exclusions that apply in relation to the general prohibition contained in section 19...
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29th Apr
Practice notes

Tied agents

BREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit transition/implementation period entered into following the...
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8th Apr
Practice notes

Exclusions applying to several specified kinds of activity

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8th Apr
Practice notes

Exclusions applying to the specified activities relating to investments

This Practice Note sets out a number of exclusions which can apply in relation to specific regulated activities that relate to investments. It briefly...
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5th Apr
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Practice notes

Appointed representatives

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26th Mar
Practice notes

Exclusions applying to specified activities relating to insurance

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1st Mar
Practice notes

Designated Professional Bodies

What is a Designated Professional Body?A Designated Professional Body (DPB), is a body that regulates and supervises members of the professions (ie...
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1st Mar
Practice notes

Exempt consumer credit agreements under the FSMA 2000 (Regulated Activities) Order 2001

This Practice Note seeks to explain the types of agreements which will be exempt agreements under the FCA consumer credit regimes. Entering into these...
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Produced in partnership with Rebecca Kellner of Orrick, Herrington & Sutcliffe and Jacqui Hatfield of Orrick, Herrington & Sutcliffe 1st Mar
Practice notes

Exclusions specifically applying to accepting deposits, e-money and home finance transactions

The general prohibitionUnder section 19 of the Financial Services and Markets Act 2000 (FSMA 2000), a person cannot carry out regulated activities in...
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1st Mar
Q&As

Would lending to an individual where the loan is secured by a second charge be viewed as a regulated activity? Would a person carrying on this activity be able to rely on an exemption?

Under the general prohibition contained in section 19 of the Financial Services and Markets Act 2000, a person cannot carry out a regulated activity,...
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15th Feb
Q&As

Assuming the 'group exemption' applies under the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001, SI 2001/544, Art 69(9), in respect of a UK Co providing investment advice to a Limited Partnership, will the exemption be affected or diminished by the fact that the Limited Partnership is governed by a General Corporate Partner?

Practice Note: Exclusions and exemptions relating to the general prohibition—an introduction states that the Financial Services and Markets Act 2000...
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15th Feb
Q&As

An individual is proposing to loan £500,000 to a residential developer secured by a legal charge over one of the plots. A company solely owned by the individual is also proposing to make a loan of the same amount secured by a charge over a plot in similar fashion. Is either charge affected or restricted in any way by legislation relating consumer credit or regulated mortgage contracts?

Under the general prohibition contained in section 19 of the Financial Services and Markets Act 2000, a person cannot carry out a regulated activity,...
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15th Feb
Q&As

What does ‘group’ mean in the context of Article 69 of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001, SI 2001/544 and how would this definition apply where a potential grouping of entities includes a limited liability company and a limited partnership?

As noted in Practice Note: Exclusions and exemptions relating to the general prohibition—an introduction, the Financial Services and Markets Act 2000...
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28th Nov

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