regulated activity

(A) in the PRA Handbook:120

(in accordance with section 22 of the Act (Regulated activities))237 any of the following activities specified in Part II of the Regulated Activities Order (Specified Activities):

1. (a) accepting deposits (article 5);
2. (aa) issuing electronic money (article 9B);
3. (b) effecting contracts of insurance (article 10(1));
4. (c) carrying out contracts of insurance (article 10(2));
5. (d) dealing in investments as principal (article 14);
6. (e) dealing in investments as agent (article 21);
7. (ea) bidding in emissions auctions (article 24A);109
8. (f) arranging (bringing about) deals in investments (article 25(1));
9. (g) making arrangements with a view to transactions in investments (article 25(2));
10. (ga) arranging (bringing about) regulated mortgage contracts (article 25A(1));14 17
11. (gb) making arrangements with a view to regulated mortgage contracts (article 25A(2));1417
12. (gc) arranging (bringing about) a home reversion plan (article 25B(1));42
13. (gd) making arrangements with a view to a home reversion plan (article 25B(2));42
14. (ge) arranging (bringing about) a home purchase plan (article 25C(1));42
15. (gf) making arrangements with a view to a home purchase plan (article 25C(2));42
16. (gg) operating a multilateral trading facility (article 25D);61
17. (gh) arranging (bringing about) a regulated sale and rent back agreement (article 25E(1));76
18. (gi) making arrangements with a view to a regulated sale and rent back agreement (article 25E(2));76
19. (h) managing investments (article 37);
20. (ha) assisting in the administration and performance of a contract of insurance (article 39A);17
21. (i) safeguarding and administering investments (article 40); for the purposes of the permission regime, this is sub-divided into:
    1. (i) safeguarding and administration of assets (without arranging);
    2. (ii) arranging safeguarding and administration of assets;
22. (j) sending dematerialised instructions (article 45(1));
23. (k) causing dematerialised instructions to be sent (article 45(2));
24. (l) establishing, operating or winding up a collective investment scheme (article 51(1)(a)); for the purposes of the permission regime, this is sub-divided into:
    1. (i) establishing, operating or winding up a regulated collective investment scheme;
    2. (ii) establishing, operating or winding up an unregulated collective investment scheme;
25. (m) acting as trustee of an authorised unit trust scheme (article 51(1)(b));
26. (ma) acting as the depositary of an authorised contractual scheme (article 51(1)(bb));118
27. (n) acting as the depositary or sole director of an open-ended investment company (article 51(1)(c));
28. 122(na) managing a UCITS (article 51ZA);
29. 122(nb) acting as trustee or depositary of a UCITS (article 51ZB);
30. 122(nc) managing an AIF (article 51ZC);
31. 122(nd) acting as trustee or depositary of an AIF (article 51ZD);
32. 122(ne) establishing, operating or winding up a collective investment scheme (51ZE).
33. (o) establishing, operating or winding up a stakeholder pension scheme (article 52(a)40);
34. (oa)61 providing basic advice on stakeholder products61 (article 52B);28
35. (ob) establishing, operating or winding up a personal pension scheme (article 52(b));40
36. (p) advising on investments (article 53); for the purposes of the permission regime, this is sub-divided into:
    1. (i) advising on investments (except pension transfers and pension opt-outs);
    2. (ii) advising on pension transfers and opt-outs;advising on pension transfers and pension opt-outs;
37. (pa) advising on regulated mortgage contracts (article 53A); 1417
38. 42(pb) advising on a home reversion plan (article 53B);
39. 42(pc) advising on a home purchase plan (article 53C);
40. (pd) advising on a regulated sale and rent back agreement (article 53D);76
41. (q) advising on syndicate participation at Lloyd's (article 56);
42. (r) managing the underwriting capacity of a Lloyd's syndicate as a managing agent at Lloyd's (article 57);
43. (s) arranging deals in contracts of insurance written at Lloyd's (article 58);
44. (sa) entering into a regulated mortgage contract (article 61(1));1417
45. (sb) administering a regulated mortgage contract (article 61(2)); 1417
46. 42(sc) entering into a home reversion plan (article 63B(1));
47. 42(sd) administering a home reversion plan (article 63B(2));
48. 42(se) entering into a home purchase plan (article 63F(1));
49. 42(sf) administering a home purchase plan (article 63F(2));
50. (sg) entering into a regulated sale and rent back agreement (article 63J(1));76
51. (sh) administering a regulated sale and rent back agreement (article 63J(2));76
52. (si) meeting of repayment claims (article 63N(1)(a));77
53. (sj) managing dormant account funds (including the investment of such funds) (article 63N(1)(b));77
54. (t) entering as provider into a funeral plan contract (article 59);

(B) in the FCA Handbook:120

1. (a) accepting deposits (article 5);125
2. (aa) issuing electronic money (article 9B);125
3. (b) effecting contracts of insurance (article 10(1));125
4. (c) carrying out contracts of insurance (article 10(2));125
5. (d) dealing in investments as principal (article 14);125
6. (e) dealing in investments as agent (article 21);125
7. (ea) bidding in emissions auctions (article 24A);125
8. (f) arranging (bringing about) deals in investments (article 25(1));125
9. (g) making arrangements with a view to transactions in investments (article 25(2)); 125
10. (ga) arranging (bringing about) regulated mortgage contracts (article 25A(1)); 125
11. (gb) making arrangements with a view to regulated mortgage contracts (article 25A(2));125
12. (gc) arranging (bringing about) a home reversion plan (article 25B(1));125
13. (gd) making arrangements with a view to a home reversion plan (article 25B(2));125
14. (ge) arranging (bringing about) a home purchase plan (article 25C(1));125
15. (gf) making arrangements with a view to a home purchase plan (article 25C(2));125
16. (gg) operating a multilateral trading facility (article 25D);125
17. (gh) arranging (bringing about) a regulated sale and rent back agreement (article 25E(1));125
18. (gi) making arrangements with a view to a regulated sale and rent back agreement (article 25E(2));125
19. (h) managing investments (article 37);125
20. (ha) assisting in the administration and performance of a contract of insurance (article 39A); 125
21. (i) safeguarding and administering investments (article 40); for the purposes of the permission regime, this is sub-divided into:125
    1. (i) safeguarding and administration of assets (without arranging);
    2. (ii) arranging safeguarding and administration of assets;
22. (j) sending dematerialised instructions (article 45(1));125
23. (k) causing dematerialised instructions to be sent (article 45(2));125
24. (l) establishing, operating or winding up a collective investment scheme (article 51(1)(a)); for the purposes of the permission regime, this is sub-divided into:125
    1. (i) establishing, operating or winding up a regulated collective investment scheme;
    2. (ii) establishing, operating or winding up an unregulated collective investment scheme;
25. (m) acting as trustee of an authorised unit trust scheme (article 51(1)(b));125
26. (ma) acting as the depositary of an authorised contractual scheme (article 51(1)(bb));125
27. (n) acting as the depositary or sole director of an open-ended investment company (article 51(1)(c));1252
28. 133(na) managing a UCITS (article 51ZA);
29. 133(nb) acting as trustee or depositary of a UCITS (article 51ZB);
30. 133(nc) managing an AIF (article 51ZC);
31. 133(nd) acting as trustee or depositary of an AIF (article 51ZD);
32. 133(ne) establishing, operating or winding up a collective investment scheme (article 51ZE);
33. (o) establishing, operating or winding up a stakeholder pension scheme (article 52(a));125
34. (oa) providing basic advice on stakeholder products (article 52B); 125
35. (ob) establishing, operating or winding up a personal pension scheme (article 52(b));125
36. (p) advising on investments (article 53); for the purposes of the permission regime, this is sub-divided into:125
    1. (i) advising on investments (except pension transfers and pension opt-outs);
    2. (ii) advising on pension transfers and pension opt-outs;
37. (pa) advising on regulated mortgage contracts (article 53A);125
38. (pb) advising on a home reversion plan (article 53B);125
39. (pc) advising on a home purchase plan (article 53C);125
40. (pd) advising on a regulated sale and rent back agreement (article 53D);125
41. (q) advising on syndicate participation at Lloyd's (article 56);125
42. (r) managing the underwriting capacity of a Lloyd's syndicate as a managing agent at Lloyd's (article 57);125
43. (s) arranging deals in contracts of insurance written at Lloyd's (article 58);125
44. (sa) entering into a regulated mortgage contract (article 61(1)125);
45. (sb) administering a regulated mortgage contract (article 61(2));125
46. (sc) entering into a home reversion plan (article 63B(1));125
47. (sd) administering a home reversion plan (article 63B(2));125
48. (se) entering into a home purchase plan (article 63F(1));125
49. (sf) administering a home purchase plan (article 63F(2));125
50. (sg) entering into a regulated sale and rent back agreement (article 63J(1));125
51. (sh) administering a regulated sale and rent back agreement (article 63J(2));125
52. (si) meeting of repayment claims (article 63N(1)(a));125
53. (sj) managing dormant account funds (including the investment of such funds) (article 63N(1)(b));125
54. (t) entering as provider into a funeral plan contract (article 59);125
55. (ta) providing information in relation to a specified benchmark;
56. (tb) administering a specified benchmark;
57. (tc) credit broking (article 36A);
58. (td) operating an electronic system in relation to lending (article 36H);
59. (te) debt adjusting (article 39D);
60. (tf) debt counselling (article 39E);
61. (tg) debt collecting (article 39F);
62. (th) debt administration (article 39G);
63. (ti) entering into a regulated credit agreement as lender (article 60B(1));
64. (tj) exercising, or having the right to exercise, the lender's rights and duties under a regulated credit agreement (article 60B(2));
65. (tk) entering into a regulated consumer hire agreement as owner (article 60N(1));
66. (tl) exercising, or having the right to exercise, the owner's rights and duties under a regulated consumer hire agreement (article 60N(2));
67. (tm) providing credit information services (article 89A);
68. (tn) providing credit references (article 89B);

which is carried on by way of business and, except for (ta) and (tb), relates to a specified investment applicable to that activity or, in the case of (l), (m), (n) and (o), is carried on in relation to property of any kind.120 or, in the case of (tm) and (tn), is carried on in relation to information about a person's financial standing;125

1. (u) agreeing to carry on a regulated activity (article 64);

which is carried on by way of business and relates to a specified investment applicable to that activity or, in the case of (l), (m), (ma),133 (n), (na), (nb), (nc), (nd), (ne)133 and (o), is carried on in relation to property of any kind.546828or, in the case of (tm) and (tn), is carried on in relation to information about a person's financial standing.125