Regulated activities—specified activities and investments

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Regulated activities—specified activities and investments guidance:

This Practice Note looks at the regulated activity of accepting deposits (often referred to as deposit taking). Accepting deposits is a key hallmark of banks, credit...

Practice Note

Background to the regulated activities relating to benchmarks The London Inter-Bank Offered Rate (LIBOR) is a global benchmark for short term interest rates. The...

Practice Note

This Practice Note covers the regulated activities of providing basic advice to retail consumers on stakeholder products and of advising on: • securities and relevant...

Practice Note

Background to the regulation of home finance transactions The regulation of home finance transactions came about at different points in time. HM Treasury announced its...

Practice Note

Background to the regulation of home finance transactions The regulation of home finance transactions came about at different points in time. On 31 October 2004 (a date...

Practice Note

Arranging deals in investments, operating a multilateral trading facility (MTF) and operating an organised trading facility (OTF) are regulated activities under articles...

Practice Note

Background to the regulation of assisting in the administration and performance of insurance contracts Under section 19 of the Financial Services and Markets Act 2000...

Practice Note

Core elements of credit unions Credit unions are a type of financial services firm that provide savings, insurance and credit opportunities. Credit unions are a type of...

Practice Note

Dealing as principal or as agent Authorised persons can obtain permission to deal in investments as principal, or as agent for another. Dealing in investments as...

Practice Note

Dormant Bank and Building Society Accounts Act 2008 The management of dormant account funds and the meeting of repayment claims by a reclaim fund are regulated activities...

Practice Note

Background to the regulated activities of effecting and carrying out contracts of insurance The regulation of carrying on insurance business in the UK dates back to 1870...

Practice Note

Background Emissions trading is a market-based approach to controlling pollution. It aims to reduce emissions of carbon dioxide and other harmful greenhouse gases (GHGs)...

Practice Note

BREXIT: The UK is leaving EU on Exit Day (as defined in the European Union (Withdrawal) Act 2018). This has an impact on this Practice Note. To ensure the effective...

Practice Note

Background to the regulation of home finance transactions The regulation of home finance transactions came about at different points in time. HM Treasury announced its...

Practice Note

BREXIT: The UK is leaving EU on Exit Day (as defined in the European Union (Withdrawal) Act 2018). This has an impact on this Practice Note. For further guidance on the...

Practice Note

Establishing, operating or winding up: • a stakeholder pension scheme, or • a personal pension scheme are regulated activities under the Financial Services and Markets...

Practice Note

BREXIT: As of 31 January 2020, the UK is no longer an EU Member State, but has entered an implementation period during which it continues to be treated by the EU as a...

Practice Note

CRA Regulation—background The Credit Rating Agencies Regulation (EC) 1060/2009 (the CRA Regulation) is the core EU legislation relating to Credit Rating Agencies (CRAs)...

Practice Note

This Practice Note covers the regulated activity of managing investments. Definition Managing investments is a regulated activity under article 37 of the Financial...

Practice Note

Regulated activities—general For an activity to constitute a regulated activity under Financial Services and Markets Act 2000 (FSMA 2000), it must be carried out 'by way...

Practice Note

As a result of the 2008 banking crisis, the government made a number of changes to the UK financial services regulatory structure. As part of the changes, the Prudential...

Practice Note

STOP PRESS: On 4 May 2020, the Financial Services and Markets Act 2000 (Regulated Activities) (Coronavirus) (Amendment) Order 2020, SI 2020/480 made several amendments to...

Practice Note

Background to the FCA regulation of claims management activities The Claims Management Regulation Unit (CMRU) was established within the Ministry of Justice (MoJ) in...

Practice Note

This Practice Note sets out and examines the consumer credit regulated activities in the Financial Services and Markets 2000 (Regulated Activities) Order 2001, SI...

Practice Note

Since 1 April 2014, the regulation of consumer credit in the UK has been the responsibility of the Financial Conduct Authority (FCA). Regulation of consumer credit is...

Practice Note

Credit brokerage under the consumer credit regime Since April 2014, the regulation of consumer credit in the UK has been overseen by the Financial Conduct Authority...

Practice Note

FSMA 2000 activities and investments Under section 19 of the Financial Services and Markets Act 2000 (FSMA 2000), no person may carry on a regulated activity in the...

Practice Note

This Practice Note covers regulated activities relating to the Society of Lloyd’s (commonly referred to as Lloyd’s of London, ‘the Society’ or ‘the Corporation’, or just...

Practice Note

Background to the regulation of home finance transactions The regulation of home finance transactions came about at different points in time. HM Treasury announced its...

Practice Note

Definition Safeguarding and administering investments (commonly known as 'custody') is a regulated activity under article 40 of the Financial Services and Markets Act...

Practice Note
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