FCA Handbook; Glossary; Regulated Activities Order ; Table of Contents; Content; Instruments; Latest; Point in Time 19/10/2005; Browse by topics; Show timeline. (B) in the FCA Handbook:120(in accordance with section 22 of the Act (Regulated activities))190 the activities specified in Part II (Specified activities), Part 3A (Specified activities in relation to information) and Part 3B (Claims management activities in Great Britain) of the Regulated Activities Order,190 which are, in summary:147 Advising on investments is a regulated activity under article 53(1) of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 (SI 2001/544) (RAO). This would mean that only advice which makes a personal recommendation would be regulated. Legal Instruments Add to favourites Print. We strongly encourage you to refer to the details in the Handbook and, if required, seek le… It specifies that certain regulated activities set out in RAO, SI 2001/544 are PRA-regulated activities. Any notifications already made to the FCA will remain valid after the transition period. These cookies enable the website to provide enhanced functionality and personalisation. Section 19 of the Financial Services and Markets Act 2000 (FSMA) states that a person (which includes a body corporate) must not carry on a regulated activity in the UK, or purport to do so, unless they are an authorised or exempt person. View on Westlaw or start a FREE TRIAL today, Article 53E, The Financial Services and Markets Act 2000 (Regulated Activities) Order 2001, PrimarySources Regulated Activities Order the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 (SI 2001/544). See when authorisation is required. The FCA will give the person a warning notice informing him that it proposes to remove his registration and a decision notice if the decision to remove his registration is taken. These cookies are set by a range of social media services that we have added to the site to enable you to share our content with your friends and networks. Or click “Manage Cookies” to enable or disable certain cookies. Consultation papers, Discussion papers, Policy statements. FSA remains of the view that article 25(2) of the Regulated Activities Order includes certain types of arrangements for making introductions whilst recognising that the judgement in … If you do not allow these cookies then some or all of these services may not function properly. They may be used by those companies to build a profile of your interests and show you relevant adverts on other sites. 2001 (RAO) EG 19.6.1 01/10/2018 RP. Part V of the RAO also requires the FCA to maintain a register of all those people who are not authorised by the FCA but who carry on insurance distribution2 activities. Dealing in investments as principal and dealing in investments as agent, are regulated activities under articles 14 and 21 of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 (SI 2001/544) (RAO). 1The RAO sets out those activities which are regulated for the purposes of the Act. The primary objective of these requirements was to protect the electronic money funds of consumers in safeguarded accounts. These cookies may be set through our site by our advertising partners. Our site uses cookies to distinguish you from other users of our site. To see a full list of Handbook modules affected, please see Annex B to the main FCA transitional directions. In September 2016 HM Treasury published a consultation setting out the Government’s proposal to amend the definition of regulated advice under Article 53 of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 (RAO), to bring it in line with the EU definition set out in MiFID. If you do not allow these cookies you may not be able to use or see these sharing tools.