Reset to Today

To access the FCA Handbook Archive choose a date between 1 January 2001 and 31 December 2004.

Content Options:

Add to favourites

View Options:

More Resources:

External link Handbook Publications

You are viewing the version of the document as on 2024-12-20.

Timeline guidance

Alternative versions

  2. Point in time
    2024-12-20

advising on investments (except P2P agreements)

131the regulated activity, specified in article 53(1) of the Regulated Activities Order (Advising on investments), which is in summary: advising a person if the advice is:

  1. (1) given to the person in their capacity as an investor or potential investor, or in their capacity as agent for an investor or a potential investor; and
  2. (2) advice on the merits of their doing any of the following (whether as principal or agent):
    1. (a) buying, selling, subscribing for, exchanging, redeeming, holding196143 or underwriting a particular investment which is a security, structured deposit195 or relevant investment (that is, any designated investment (other than a P2P agreement), funeral plan contract, pure protection contract, general insurance contract,139195 right to or interests in a funeral plan contract or structured deposit139195); or
    2. (b) exercising or not exercising196143 any right conferred by such an investment to buy, sell, subscribe for, exchange or redeem196143 such an investment,196143
    but excluding the provision of non-personal recommendation advice where the person providing that advice is appropriately authorised (see article 53(1A) to (1D) of the Regulated Activities Order).196143