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Financial Services and Markets Act 2000

Financial Services and Markets Act 2000 s 22

s 22 Regulated activities

(1) An activity is a regulated activity for the purposes of this Act if it is an activity of a specified kind which is carried on by way of business and— (a) relates to an investment of a specified kind; or (b) in the case of an activity of a kind which is also specified for the purposes of this paragraph, is carried on in relation to property of any kind. (1A) An activity is also a regulated activity for the purposes of this Act if it is an activity of a specified kind which is carried on by way of business and relates to— (a) information about a person's financial standing, ... or (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (c) administering a benchmark. (1B) An activity is also a regulated activity for the purposes of this Act if it is an activity of a specified kind which— (a) is carried on by way of business in Great Britain, and (b) is, or relates to, claims management services. (2) Schedule 2 makes provision supplementing this section. (3) Nothing in Schedule 2 limits the powers conferred by subsection (1) or (1A) subsections (1) to (1B) . (4) “ Investment ” includes any asset, right or interest (including where an asset, right or interest is, or comprises or represents, a cryptoasset) . (5) “ Specified ” means specified in an order made by the Treasury. (6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (6A) For the purposes of subsection (1A)(c), “ benchmark ” has the meaning given by Article 3 of the EU Benchmarks Regulation 2016, and “administering” a benchmark means acting as an administrator of that benchmark within the meaning of that Article.

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