The following Financial Services Q&A provides comprehensive and up to date legal information covering:
Under the general prohibition contained in section 19 of the Financial Services and Markets Act 2000, a person cannot carry out a regulated activity, or purport to carry out a regulated activity, in the UK unless they are either:
an authorised person, or
an exempt person
An activity is a regulated activity if it is:
an activity of a specified kind which is carried on by way of business, and
relates to a specified investment or property of any kind
For more information about carrying on regulated activities in the UK by way of business, see Practice Notes:
What are regulated activities?
What does 'by way of business' mean?
Territorial scope of the general prohibition
As you can see from Practice Note: What are regulated activities?, there are regulated activities contained in the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 (RAO), SI 2001/544 related to regulated mortgage contract
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and thousands of others like it, sign-in to LexisPSL or register for a free trial.
Existing user? Sign-in
Take a free trial
Private nuisancePrivate nuisance is an unlawful interference with a person's use or enjoyment of land or some right over or in connection with it. Interference must be unreasonable, and may be caused, eg by water, smoke, smell, fumes, gas, noise, heat or vibrations. Where the defendant has not
The principles of the notarial act are that it is:•an act of the notary and not of the parties named in the document•a record of a fact, event or transaction•in the form of a document, notwithstanding the form of the underlying document, fact, event or transactionThe purpose of the notarial act is
This Practice Note examines:•why negative pledge clauses are used in commercial transactions •the consequences of breaching negative pledge provisions•how negative pledges are viewed in the context of security and quasi-security, and•key considerations when drafting a negative pledge clauseWhere
What is QOCS?Qualified one-way costs shifting (QOCS) was introduced on 1 April 2013 as part of the Jackson costs reforms following the removal of a claimant’s right to recover additional liabilities from the defendant, ie success fees and after the event (ATE) insurance premiums. The relevant CPR
0330 161 1234
To view our latest legal guidance content,sign-in to Lexis®PSL or register for a free trial.