Financial Services and Markets Act 2000

Business modelU.K.

This section has no associated Explanatory Notes

[F12F.(1)A’s business model (that is, A’s strategy for doing business) must be suitable for a person carrying on the regulated activities that A carries on or seeks to carry on.

(2)The matters which are relevant in determining whether A satisfies the condition in sub-paragraph (1) include—

(a)whether the business model is compatible with A’s affairs being conducted, and continuing to be conducted, in a sound and prudent manner;

(b)the interests of consumers;

(c)the integrity of the UK financial system.]

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