http://www.legislation.gov.uk/uksi/2001/544/article/39MThe Financial Services and Markets Act 2000 (Regulated Activities) Order 2001texttext/xmlenStatute Law DatabaseFINANCIAL SERVICES AND MARKETS2026-08-07Expert Participation2026-07-15 This Order specifies kinds of activities and investments for the purposes of the Financial Services and Markets Act 2000 (“the Act"). When an activity of a specified kind is carried on by way of business in relation to an investment of a specified kind, it is a “regulated activity" for the purposes of the Act. The Financial Services and Markets Act 2000 (Carrying on Regulated Activities by Way of Business) Order 2001 (S.I. 2001/1177) makes provision as to the circumstances in which a person is, or is not, to be regarded as carrying on a regulated activity by way of business. Section 19 of the Act prohibits person who are not authorised or exempt from carrying on any regulated activity in the United Kingdom. Contravention of that prohibition is a criminal offence. The Financial Services and Markets Act 2000 (Regulated Activities) Order 2001Sch. 3 para. 1AThe Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2025art. 2(b)art. 1(3)The Financial Services and Markets Act 2000 (Regulated Activities) Order 2001OrderFinancial Services and Markets Act 2023Sch. 1 Pt. 5s. 1(4)s. 86(3)reg. 10(b) PART IIChapter 7B39M1For the purposes of sections 1G, 404E and 425A of the Act (meaning of “consumer”), in so far as those provisions relate to a person (“A”) carrying on a regulated activity of the kind specified by article 39F (debt-collecting) or 39G (debt administration), or article 64 (agreeing to carry on specified kinds of activity) so far as relevant to that activity the following are to be treated as a “consumer”—athe borrower under the agreement or the hirer under the consumer hire agreement;bsomeone who has been the borrower or hirer under that agreement;ca person who is treated by A as a person falling within sub-paragraph (a) or (b).2For the purposes of section 328(8) of the Act (meaning of “clients”) in so far as that provision relates to a person (“A”) carrying on a regulated activity of the kind specified by article 39F or 39G, the following are to be treated as a “client”—athe borrower under the agreement or the hirer under the consumer hire agreement;bsomeone who has been the borrower or hirer under that agreement;ca person who is treated by A as a person falling within sub-paragraph (a) or (b).3In this article, “borrower” includes (in addition to those persons included in the definition in article 60L)—aany person providing a guarantee or indemnity under the agreement, andba person to whom the rights and duties of a person falling within sub-paragraph (a) have passed by assignment or operation of law.Pt. II Ch. 7B inserted (26.7.2013 for specified purposes, 1.4.2014 in so far as not already in force) by The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) (No.2) Order 2013 (S.I. 2013/1881), art. 1(2)(6), 5