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Regulated activities—exclusions and exemptions

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Practice notes

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Public censure by the FCA

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Practice notes

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Practice notes

Accepting deposits

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Practice notes

Basel Accord

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Practice notes

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Practice notes

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Practice notes

Entering into a consumer hire agreement as owner

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Practice notes

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Practice notes

What is credit and what is a regulated consumer credit agreement?

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Most recent Regulated activities—exclusions and exemptions content

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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17th Jan
Practice notes

Exclusions applying to specified activities relating to insurance

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17th Jan
Practice notes

Exclusions applying to several specified kinds of activity

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17th Jan
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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17th Jan
Practice notes

Tied agents

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17th Jan
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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17th Jan
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 17th Jan
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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17th Jan
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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17th Jan
tag iconIn-house
Practice notes

Appointed representatives

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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
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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28th Nov
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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28th Nov
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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28th Nov

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