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Regulated activity
Practical Law UK Glossary 1-107-7125 (Approx. 3 pages)
Glossary
Regulated activity
In accordance with the Financial Services and Markets Act 2000 (FSMA), includes an activity of a specified kind which is carried on by way of business and either relates to an investment of a specified kind or a specified activity of a kind which is carried on in relation to property of any kind (section 22, FSMA). The Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 (SI 2001/544) (as amended) establishes the activities to be regulated under FSMA. The activities include, for example:
- Accepting deposits.
- Issuing electronic money.
- Effecting and carrying out contracts of insurance.
- Dealing in investments and arranging deals in investments.
- Making arrangements with a view to transactions in investments.
- Operating a multilateral trading facility (MTF).
- Managing investments.
When considering this term in the context of financial services, reference should be made to the FCA Handbook glossary definition of regulated activity.