A7.118 Excluded persons

A7.118 Excluded persons

The following persons are (broadly) excluded from the 2017 Regulations:


    •     a registered society as defined in the Co-operative and Community Benefit Societies Act 2014


    •     an Industrial and Provident Society when it issues withdrawable share capital or accepts deposits from the public


    •     a person carrying on exempt activities under Financial Services and Markets Act 2000


    •     a person who was an exempt person under FSA 1986, s 45 immediately before its repeal when carrying out functions specified in that section


    •     a local authority (within the meaning of the Financial Services and Markets Act 2000

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