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The Financial Services and Markets Act 2000 (Regulated Activities) Order 2001

Status:

This is the original version (as it was originally made).

Article 4

SCHEDULE 2ANNEX TO THE INVESTMENT SERVICES DIRECTIVE

“ANNEX

Section AServices

1.—(a) Reception and transmission, on behalf of investors, of orders in relation to one or more instruments listed in Section B.

(b)Execution of such orders other than for own account.

2.  Dealing in any of the instruments listed in Section B for own account.

3.  Managing portfolios of investments in accordance with mandates given by investors on a discretionary, client-by-client basis where such portfolios include one or more of the instruments listed in Section B.

4.  Underwriting in respect of issues of any of the instruments listed in Section B and/or the placing of such issues.

Section BInvestments

1.—(a) Transferable securities.

(b)Units in collective investment undertakings.

2.  Money-market instruments.

3.  Financial-futures contracts, including equivalent cash-settled instruments.

4.  Forward interest-rate agreements (FRAs).

5.  Interest-rate, currency and equity swaps.

6.  Options to acquire or dispose of any instruments falling within this section of the Annex, including equivalent cash-settled instruments. This category includes in particular options on currency and on interest rates.

Section CNon-core services

1.  Safekeeping and administration in relation to one or more of the instruments listed in Section B.

2.  Safe custody services.

3.  Granting credits or loans to an investor to allow him to carry out a transaction in one or more of the instruments listed in Section B, where the firm granting the credit or loan is involved in the transaction.

4.  Advice to undertakings on capital structure, industrial strategy and related matters and advice and service relating to mergers and the purchase of undertakings.

5.  Services related to underwriting.

6.  Investment advice concerning one or more of the instruments listed in Section B.

7.  Foreign-exchange services where these are connected with the provision of investment services.”

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