- Draft legislation
This is a draft item of legislation. This draft has since been made as a UK Statutory Instrument: The Cancellation of Contracts made in a Consumer’s Home or Place of Work etc. Regulations 2008 The Cancellation of Contracts made in a Consumer's Home or Place of Work etc. Regulations 2008 No. 1816
8.—(1) For the purposes of paragraph 7—
(a)“a relevant regulated activity” means an activity of the following kind—
(i)dealing in investments, as principal or as agent;
(ii)arranging deals in investments;
(iii)operating a multilateral trading facility;
(v)safeguarding and administering investments;
(vi)establishing, operating or winding up a collective investment scheme; and
(b)for these purposes “investment” means—
(ii)instruments creating or acknowledging indebtedness;
(iii)instruments giving entitlement to investments
(iv)certificates representing securities;
(v)units in a collective investment scheme;
(viii)contracts for differences; and
(ix)rights to or interests in investments.
(2) Paragraph 7 and this paragraph must be read with—
(a)section 22 of the Financial Services and Markets Act 2000;
(b)any relevant order under that section; and
(c)Schedule 2 to that Act,
but any restriction on or exclusion from the meaning of a regulated activity for the purposes of paragraph 7 which arises from the identity of the person carrying on such activity is to be disregarded.
Draft Explanatory Memorandum sets out a brief statement of the purpose of a Draft Statutory Instrument and provides information about its policy objective and policy implications. They aim to make the Draft Statutory Instrument accessible to readers who are not legally qualified accompany any Statutory Instrument or Draft Statutory Instrument laid before Parliament from June 2004 onwards.
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