Part XXIX Interpretation

419 Carrying on regulated activities by way of business.

1

The Treasury may by order make provision—

a

as to the circumstances in which a person who would otherwise not be regarded as carrying on a regulated activity by way of business is to be regarded as doing so;

b

as to the circumstances in which a person who would otherwise be regarded as carrying on a regulated activity by way of business is to be regarded as not doing so.

2

An order under subsection (1) may be made so as to apply—

a

generally in relation to all regulated activities;

b

in relation to a specified category of regulated activity; or

c

in relation to a particular regulated activity.

3

An order under subsection (1) may be made so as to apply—

a

for the purposes of all provisions;

b

for a specified group of provisions; or

c

for a specified provision.

4

“Provision” means a provision of, or made under, this Act.

5

Nothing in this section is to be read as affecting the provisions of section 428(3).