Part II Regulated And Prohibited Activities

Regulated activities

C1C2C14C6C5C15C9C8C16C7C13C11C4C10C12C3C17C18C19C20C2122F1Regulated activities

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.

F21A

An activity is also 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 relates to—

a

information about a person's financial standing, F6... F10or

F11b

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F5c

administering a benchmark.

F71B

An activity is also a regulated activity for the purposes of this Act if it is an activity of a specified kind which—

a

is carried on by way of business in Great Britain, and

b

is, or relates to, claims management services.

2

Schedule 2 makes provision supplementing this section.

3

Nothing in Schedule 2 limits the powers conferred by F8subsection (1) F3or (1A)F8subsections (1) to (1B) .

4

“Investment” includes any asset, right or interest F12(including where an asset, right or interest is, or comprises or represents, a cryptoasset).

5

“Specified” means specified in an order made by the Treasury.

F96

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F46A

For the purposes of subsection (1A)(c), “benchmark” has the meaning given by Article 3 of the EU Benchmarks Regulation 2016, and “administering” a benchmark means acting as an administrator of that benchmark within the meaning of that Article.