Regulated activities

Regulated activities guidance:

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

This Practice Note outlines the relevant legislative provisions stipulating the requirement to be authorised to provide financial services in the UK. The regulators may...

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

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

This Practice Note provides an introduction to the exemptions and exclusions that apply in relation to the general prohibition contained in section 19 of the Financial...

Practice Note

STOP PRESS: Relating to insurance distribution: On 1 May 2018, the government published the Insurance Distribution (Regulated Activities and Miscellaneous Amendments)...

Practice Note

The Insurance Distribution Directive (Directive (EU) 2016/97) (IDD) repealed and replaced the Insurance Mediation Directive (Directive 2002/92/EC) (IMD) effective 1...

Practice Note

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

Practice Note

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

Practice Note

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

Practice Note

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

Practice Note

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

Practice Note

This Practice Note provides a high level guide to the key regulatory and practical issues relating to outsourcing in the insurance sector. For more detailed guidance on...

Practice Note

Legal framework—outsourcing in the insurance sector The scope of this Practice Note is limited to outsourcing requirements applicable to firms subject to Solvency II...

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

This Insurance Distribution Directive (Directive (EU) 2016/97) (IDD) quick guide details current UK legislation, retained EU legislation and Financial Conduct Authority...

Practice Note

The PRIIPs Regulation (EU) No 1286/2014 and Commission Delegated Regulation (EU/2017/653) Almost ten years in the making, the Packaged Retail and Insurance-Based...

Practice Note

In this Practice Note, references to exemptions relate to persons who are exempt from the need to apply for authorisation from the Prudential Regulation Authority (PRA)...

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

Where and how does the general prohibition apply? There is a fundamental prohibition at the heart of the UK regulatory regime whereby a person cannot carry out a...

Practice Note

The general prohibition Pursuant to section 19 of the Financial Services and Markets Act 2000 (FSMA 2000) (the general prohibition), no person may carry on a regulated...

Practice Note

Under the general prohibition a person cannot carry out a regulated activity, or purport to carry out a regulated activity, in the UK unless they are either: • an...

Practice Note

An activity is only a regulated activity if it is an activity which is carried out by way of business in the UK. The Financial Services and Markets Act 2000 (FSMA 2000)...

Practice Note