advising on investments (except P2P agreements)
- (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
- (2) advice on the merits of their doing any of the following (whether as principal or agent):
- (a) buying, selling, subscribing for, exchanging, redeeming, holding193143 or underwriting a particular investment which is a security, structured deposit192 or relevant investment (that is, any designated investment (other than a P2P agreement), funeral plan contract, pure protection contract, general insurance contract,139192 right to or interests in a funeral plan contract or structured deposit139192); or
- (b) exercising or not exercising193143 any right conferred by such an investment to buy, sell, subscribe for, exchange or redeem193143 such an investment,193143
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: