SCHEDULES
SCHEDULE 9Regulated sector and supervisory authorities
Part 1Regulated sector
3Excluded activities
A business is not in the regulated sector to the extent that it engages in any of the following activities—
a
the issue of withdrawable share capital within the limit set by section 6 of the Industrial and Provident Societies Act 1965 (c. 12) by a society registered under that Act;
b
the acceptance of deposits from the public within the limit set by section 7(3) of that Act by such a society;
c
the issue of withdrawable share capital within the limit set by section 6 of the Industrial and Provident Societies Act (Northern Ireland) 1969 by a society registered under that Act;
d
the acceptance of deposits from the public within the limit set by section 7(3) of that Act by such a society;
e
activities carried on by the Bank of England;
f
any activity in respect of which an exemption order under section 38 of the Financial Services and Markets Act 2000 has effect if it is carried on by a person who is for the time being specified in the order or falls within a class of persons so specified.