Regulated activities: dormant account and reclaim funds | Practical Law

Regulated activities: dormant account and reclaim funds | Practical Law

The meeting of repayment claims by a reclaim fund, the management of dormant assets funds by a reclaim fund and dealing with unwanted asset money are regulated activities under article 63N of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 (SI 2001/544) (RAO). This note provides an overview of these activities and considers whether there are any applicable exclusions and exemptions.

Regulated activities: dormant account and reclaim funds

Practical Law UK Practice Note 4-519-0700 (Approx. 10 pages)

Regulated activities: dormant account and reclaim funds

MaintainedUnited Kingdom
The meeting of repayment claims by a reclaim fund, the management of dormant assets funds by a reclaim fund and dealing with unwanted asset money are regulated activities under article 63N of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 (SI 2001/544) (RAO). This note provides an overview of these activities and considers whether there are any applicable exclusions and exemptions.