A7.118 Excluded persons

A7.118 Excluded persons

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

  1.  

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

  2.  

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

  3.  

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

  4.  

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

  5.  

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

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to TolleyLibrary or register for a free trial