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(1)An activity is a regulated activity for the purposes of this Act if it is an activity of a specified kind which is carried on by way of business and—
(a)relates to an investment of a specified kind; or
(b)in the case of an activity of a kind which is also specified for the purposes of this paragraph, is carried on in relation to property of any kind.
(2)Schedule 2 makes provision supplementing this section.
(3)Nothing in Schedule 2 limits the powers conferred by subsection (1).
(4)“Investment” includes any asset, right or interest.
(5)“Specified” means specified in an order made by the Treasury.
Modifications etc. (not altering text)
C1S. 22 applied (1.9.2002) by 1974 c. 39, s. 16(6E)(a) (as inserted (1.9.2002) by 2001/544, arts. 2(2)(b), 90(2))