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Status: You are viewing the version of the handbook as on 2016-10-03.

service company

    a firm whose only permitted activities are making arrangements with a view to transactions in investments, and agreeing to carry on that regulated activity, and whose Part 4A permission 193 :

      1. (a) incorporates a limitation substantially to the effect that the firm carry on regulated activities only with market counterparties or intermediate customers; and
      1. (b) includes requirements substantially to the effect that the firm must not:
        1. (i) guarantee, or otherwise accept responsibility for, the performance, by a participant in arrangements made by the firm in carrying on regulated activities, of obligations undertaken by that participant in connection with those arrangements; or
        1. (ii) approve any financial promotion on behalf of any other person or any specified class of persons; or
        1. (iii) in carrying on its regulated activities, provide services otherwise than in accordance with documents (of a kind specified in the requirement) provided by the firm to the193 FCA.193 2 13