Part XXIX

Interpretation

Carrying on regulated activities by way of business.
419
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).