<EN xmlns="http://www.legislation.gov.uk/namespaces/legislation" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xml:base="http://www.legislation.gov.uk/id/ukpga/2000/8" xsi:schemaLocation="http://www.legislation.gov.uk/namespaces/legislation http://www.legislation.gov.uk/schema/en.xsd" SchemaVersion="1.0" DocumentURI="http://www.legislation.gov.uk/ukpga/2000/8/notes" IdURI="http://www.legislation.gov.uk/id/ukpga/2000/8/notes"><ukm:Metadata xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:ukm="http://www.legislation.gov.uk/namespaces/metadata">
				<dc:identifier>http://www.legislation.gov.uk/ukpga/2000/8/section/419/notes</dc:identifier><dc:subject>UK Parliament</dc:subject><dc:subject>Building societies</dc:subject><dc:subject>Friendly societies</dc:subject><dc:subject>Legislation</dc:subject><dc:subject>Financial service industries</dc:subject><dc:title>Explanatory Notes to Financial Services and Markets Act 2000</dc:title><dc:creator>HM Treasury</dc:creator><dc:publisher>King's Printer of Acts of Parliament</dc:publisher><dc:modified>2018-03-05</dc:modified>
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			</ukm:Metadata><ExplanatoryNotes><ENprelims>
<Title><Citation URI="http://www.legislation.gov.uk/id/ukpga/2000/8" id="c00001" Class="UnitedKingdomPublicGeneralAct" Year="2000" Number="0008">Financial Services and Markets Act 2000</Citation></Title>
<Number>8</Number>
<DateOfEnactment>
<DateText>14 June 2000</DateText>
</DateOfEnactment>
</ENprelims><Body><Division id="d00011" DocumentURI="http://www.legislation.gov.uk/ukpga/2000/8/notes/division/6" IdURI="http://www.legislation.gov.uk/id/ukpga/2000/8/notes/division/6"><Title>Commentary on Sections</Title><CommentaryPart id="n00415" DocumentURI="http://www.legislation.gov.uk/ukpga/2000/8/notes/division/6/29" IdURI="http://www.legislation.gov.uk/id/ukpga/2000/8/notes/division/6/29"><Title>Part Xxix: Interpretation</Title><CommentaryP1 id="n00417" DocumentURI="http://www.legislation.gov.uk/ukpga/2000/8/notes/division/6/29/2" IdURI="http://www.legislation.gov.uk/id/ukpga/2000/8/notes/division/6/29/2">
<Title><CitationSubRef id="c01571" URI="http://www.legislation.gov.uk/id/ukpga/2000/8/section/419" CitationRef="c00001" SectionRef="section-419">Section 419</CitationSubRef>: Carrying on regulated activities by way of business</Title>
<NumberedPara id="paragraph-740" DocumentURI="http://www.legislation.gov.uk/ukpga/2000/8/notes/paragraph/740" IdURI="http://www.legislation.gov.uk/id/ukpga/2000/8/notes/paragraph/740"><Pnumber>740</Pnumber><Para>
<Text>This section allows the Treasury to make orders to define “carrying on a regulated activity by way of business” for the purposes of section 22. This would, for example, allow special provision to be made in the case of occupational pension schemes, as under the <Abbreviation Expansion="Financial Services Act 1986 c. 60">FS Act 1986</Abbreviation>.  The section would also enable different provision to be made in the case of different activities, if that was thought to be desirable in the light of the slightly different tests which apply under the existing legislation.</Text>
</Para></NumberedPara>
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