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Financial Services and Markets Act 2000 (Regulated Activities) Order 2001
The Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 is a piece of legislation in the United Kingdom. It consists of several parts and sections that define and regulate various activities related to financial services and markets. The order covers a wide range of activities, including accepting deposits, issuing electronic money, dealing in investments, arranging deals in investments, credit broking, managing investments, and more.
The Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 includes provisions for specified activities. These specified activities are categorized into different sections and cover various financial activities. Some examples of specified activities mentioned in the article include accepting deposits, issuing electronic money, dealing in investments as principal or agent, arranging deals in investments, operating a multilateral trading facility, and establishing collective investment schemes.
Exclusions and Other Provisions
The order also includes exclusions and supplemental provisions related to the specified activities. These exclusions define certain circumstances or entities that are exempted from the regulatory requirements for specific activities. For example, there are exclusions for sums paid by certain persons, sums received by solicitors or persons authorized to deal, sums received in consideration for the issue of debt securities, and more. Additionally, there are provisions related to revocation of certificates, obtaining information from certified persons, false claims, record-keeping, and other supplemental rules.
Interpretation and Commencement
The Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 includes provisions for interpretation and commencement. The interpretation section defines the meanings of various terms used in the order. The commencement section specifies when the order comes into effect.
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