Status: You are viewing the version of the handbook as on 2006-03-01.

regulated activity

    (in accordance with section 22 of the Act (The classes of activity and categories of investment)) any of the following activities specified in Part II of the Regulated Activities Order (Specified Activities):

      1. (a) accepting deposits (article 5);
      1. (aa) issuing electronic money (article 9B);
      1. (b) effecting contracts of insurance (article 10(1));
      1. (c) carrying out contracts of insurance (article 10(2));
      1. (d) dealing in investments as principal (article 14);
      1. (e) dealing in investments as agent (article 21);
      1. (f) arranging (bringing about) deals in investments (article 25(1));
      1. (g) making arrangements with a view to transactions in investments (article 25(2));
      1. (ga) arranging (bringing about) regulated mortgage contracts (article 25A(1));14 17
      1. (gb) making arrangements with a view to regulated mortgage contracts (article 25A(2));1417
      1. (h) managing investments (article 37);
      1. (ha) assisting in the administration and performance of a contract of insurance (article 39A);17
      1. (i) safeguarding and administering investments (article 40); for the purposes of the permission regime, this is sub-divided into:
        1. (i) safeguarding and administration of assets (without arranging);
        1. (ii) arranging safeguarding and administration of assets;
      1. (j) sending dematerialised instructions (article 45(1));
      1. (k) causing dematerialised instructions to be sent (article 45(2));
      1. (l) establishing, operating or winding up a collective investment scheme (article 51(1)(a)); for the purposes of the permission regime, this is sub-divided into:
        1. (i) establishing, operating or winding up a regulated collective investment scheme;
        1. (ii) establishing, operating or winding up an unregulated collective investment scheme;
      1. (m) acting as trustee of an authorised unit trust scheme (article 51(1)(b));
      1. (n) acting as the depositary or sole director of an open-ended investment company (article 51(1)(c));
      1. (o) establishing, operating or winding up a stakeholder pension scheme (article 52);
      1. (oa) providing basic advice on a stakeholder product (article 52B);28
      1. (p) advising on investments (article 53); for the purposes of the permission regime, this is sub-divided into:
        1. (i) advising on investments (except pension transfers and pension opt-outs);
        1. (ii) advising on pension transfers and opt-outs;advising on pension transfers and pension opt-outs;
      1. (pa) advising on regulated mortgage contracts (article 53A); 1417
      1. (q) advising on syndicate participation at Lloyd's (article 56);
      1. (r) managing the underwriting capacity of a Lloyd's syndicate as a managing agent at Lloyd's (article 57);
      1. (s) arranging deals in contracts of insurance written at Lloyd's (article 58);
      1. (sa) entering into a regulated mortgage contract (article 61(1));1417
      1. (sb) administering a regulated mortgage contract (article 61(2)); 1417
      1. (t) entering as provider into a funeral plan contract (article 59);
      1. (u) agreeing to carry on a regulated activity (article 64);

    which is carried on by way of business and relates to a specified investment applicable to that activity or, in the case of (l), (m), (n) and (o), is carried on in relation to property of any kind.546828