Regulated investments essentials
Regulated investments essentials

The following Financial Services practice note provides comprehensive and up to date legal information covering:

  • Regulated investments essentials
  • FSMA 2000 activities and investments
  • Regulated activities and property of any kind
  • Specified investments
  • Securities, relevant investments and contractually based investments
  • Securities
  • Contractually based investments
  • Relevant investments

Regulated investments essentials

BREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit transition/implementation period entered into following the UK’s withdrawal from the EU. Following IP completion day, key transitional arrangements come to an end and significant changes begin to take effect across the UK’s legal regime. This document contains guidance on subjects impacted by these changes. Before continuing your research, see: Brexit and financial services: materials on the post-Brexit UK/EU regulatory regime.

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 United Kingdom, or purport to do so, unless the person is authorised by the Prudential Regulation Authority (PRA) and/or the Financial Conduct Authority (FCA) or is an exempt person. This is known as the general prohibition. Under FSMA 2000, s 22, a regulated activity is a specified kind of activity that is carried on by way of business in the UK and which relates to a specified investment or, depending on the activity in question, 'property of any kind'. Specified activities and investments are those activities and investments that have specified as such in the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 (SI 2001/544) (as amended) (RAO). For more information about the general prohibition, see Practice Note: The general prohibition

Related documents:

Popular documents