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Financial Services and Markets Act 2000

Financial Services and Markets Act 2000 Sch 6 para 2F

Sch 6 para 2F Business model

(1) A’s business model (that is, A’s strategy for doing business) must be suitable for a person carrying on the regulated activities that A carries on or seeks to carry on. (2) The matters which are relevant in determining whether A satisfies the condition in sub-paragraph (1) include— (a) whether the business model is compatible with A’s affairs being conducted, and continuing to be conducted, in a sound and prudent manner; (b) the interests of consumers; (c) the integrity of the UK financial system. (3) This paragraph does not apply where the only regulated activities that the person carries on, or seeks to carry on, are— (a) relevant credit activities, and (b) if any, activities to which, by virtue of section 39(1D), sections 20(1) and (1A) and 23(1A) do not apply when carried on by the person.

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