Status: You are viewing the version of the handbook as on 2019-12-09.

advising on investments (except P2P agreements)

    131the regulated activity, specified in article 53(1) of the Regulated Activities Order (Advising on investments), which is in summary: advising a person if the advice is:

      1. (1) given to the person in their capacity as an investor or potential investor, or in their capacity as agent for an investor or a potential investor; and
      1. (2) advice on the merits of their doing any of the following (whether as principal or agent):
        1. (a) buying, selling, subscribing for, exchanging, redeeming, holding169143 or underwriting a particular investment which is a security, structured deposit168 or relevant investment (that is, any designated investment (other than a P2P agreement), funeral plan contract, pure protection contract, general insurance contract,139168 right to or interests in a funeral plan contract or structured deposit139168); or
        1. (b) exercising or not exercising169143 any right conferred by such an investment to buy, sell, subscribe for, exchange or redeem169143 such an investment,169143
        but excluding the provision of non-personal recommendation advice where the person providing that advice is appropriately authorised (see article 53(1A) to (1D) of the Regulated Activities Order).169143