PART 8MISCELLANEOUS AMENDMENTS TO PRIMARY LEGISLATION
Fair Trading Act 1973 (c. 41)
Exclusions from Part 11 of the Fair Trading Act 1973284
1
Section 118205 of the Fair Trading Act 1973 (trading schemes to which Part XI applies) is amended as follows.
2
In subsection (6), for paragraph (a) substitute—
a
under which the promoter or any of the promoters or participants is to carry on, or to purport to carry on, a relevant regulated activity;
3
After subsection (6) insert—
6A
For the purposes of subsection (6)(a), “relevant regulated activity” means—
a
dealing in investments as principal or agent;
b
arranging deals in investments;
c
managing investments;
d
safeguarding and administering investments;
e
sending dematerialised instructions;
f
establishing etc. a collective investment scheme;
g
advising on investments,
and paragraphs (a) to (g) must be read with section 22 of the Financial Services and Markets Act 2000, any relevant order under that section, and Schedule 2 to that Act.
Restrictions on disclosure of information285
1
Section 133(2) of the Fair Trading Act 1973 (exceptions from general restrictions on disclosure of information obtained under that Act) is amended as follows.
2
In paragraph (a)206, the words “or Chapter XIV of Part I of the Financial Services Act 1986” are repealed.
3
At the end of that paragraph, insert “or Chapter 2 of Part 18 of the Financial Services and Markets Act 2000”.