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Chapter I General (art. 4) |
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Article 4 Specified activities: general |
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Chapter II Accepting deposits (arts. 5-9AC) |
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The activity (art. 5) |
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Article 5 Accepting deposits |
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Exclusions (arts. 6-9AC) |
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Article 6 Sums paid by certain persons |
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Article 7 Sums received by solicitors etc. |
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Article 8 Sums received by persons authorised to deal etc. |
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Article 9 Sums received in consideration for the issue of debt securities |
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Article 9A Sums received in exchange for electronic money |
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Article 9AA Managers of UCITS and AIFs |
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Article 9AB Funds received for payment services |
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Article 9AC Local authorities |
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Chapter IIA Electronic Money (arts. 9B-9L) |
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The activity (arts. 9B-9BA) |
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Article 9B Issuing electronic money |
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Article 9BA |
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Exclusions (arts. 9C-9G) |
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Article 9C Persons certified as small issuers etc. |
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Article 9D Applications for certificates |
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Article 9E Revocation of certificate on FCA's own initiative |
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Article 9F Revocation of certificate on request |
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Article 9G Obtaining information from certified persons etc. |
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Supplemental (arts. 9H-9L) |
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Article 9H Rules prohibiting the issue of electronic money at a discount |
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Article 9I False claims to be a certified person |
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Article 9J Exclusion of electronic money from the compensation scheme |
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Article 9K Record of certified persons |
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Article 9L Funds received for payment services |
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Chapter III Insurance (arts. 10-13) |
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The activities (art. 10) |
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Article 10 Effecting and carrying out contracts of insurance |
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Exclusions (arts. 11-12B) |
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Article 11 Community co-insurers |
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Article 12 Breakdown insurance |
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Article 12A Managers of UCITS and AIFs |
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Article 12B Transformer vehicles: insurance risk transformation |
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Supplemental (art. 13) |
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Article 13 Application of sections 327 and 332 of the Act to insurance market activities |
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Chapter IIIA Insurance risk transformation (art. 13A) |
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Article 13A Transformer vehicles: insurance risk transformation |
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Chapter IV Dealing in investments as principal (arts. 14-20) |
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The activity (art. 14) |
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Article 14 Dealing in investments as principal |
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Exclusions (arts. 15-20) |
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Article 15 Absence of holding out etc. |
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Article 16 Dealing in contractually based investments |
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Article 17 Acceptance of instruments creating or acknowledging indebtedness |
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Article 18 Issue by a company of its own shares etc. |
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Article 18A Dealing by a company in its own shares |
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Article 19 Risk management |
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Article 19A Transformer vehicles: insurance risk transformation |
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Article 20 Other exclusions |
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Chapter V Dealing in investments as agent (arts. 21-24) |
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The activity (art. 21) |
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Article 21 Dealing in investments as agent |
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Exclusions (arts. 22-24) |
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Article 22 Deals with or through authorised persons |
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Article 23 Risk management |
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Article 24 Other exclusions |
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Chapter VA Bidding in Emissions Auctions (arts. 24A-24B) |
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The activity (art. 24A) |
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Article 24A Bidding in emissions auctions |
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Exclusions (art. 24B) |
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Article 24B Miscellaneous exclusions |
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Chapter VI Arranging deals in investments (arts. 25-36) |
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The activities (arts. 25-25E) |
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Article 25 Arranging deals in investments |
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Article 25A Arranging regulated mortgage contracts |
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Article 25B Arranging regulated home reversion plans |
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Article 25C Arranging regulated home purchase plans |
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Article 25D Operating a multilateral trading facility |
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Article 25DA Operating an organised trading facility |
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Article 25DB Operating an electronic system for public offers of relevant securities |
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Article 25E Arranging regulated sale and rent back agreements |
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Exclusions (arts. 26-36) |
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Article 26 Arrangements not causing a deal |
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Article 27 Enabling parties to communicate |
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Article 28 Arranging transactions to which the arranger is a party |
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Article 28A Arranging contracts, plans or agreements to which the arranger is a party |
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Article 29 Arranging deals with or through authorised persons |
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Article 29A Arrangements made in the course of administration by authorised person |
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Article 30 Arranging transactions in connection with lending on the security of insurance policies |
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Article 31 Arranging the acceptance of debentures in connection with loans |
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Article 32 Provision of finance |
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Article 33 Introducing |
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Article 33A Introducing to authorised persons etc. |
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Article 33B Provision of information - contracts of insurance |
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Article 34 Arrangements for the issue of shares etc. |
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Article 35 International securities self-regulating organisations |
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Article 35A Trade repositories |
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Article 35AB Securitisation repositories |
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Article 35B Providing pensions guidance |
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Article 36 Other exclusions |
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Chapter VIA Credit Broking (arts. 36A-36G) |
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The activity (art. 36A) |
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Article 36A Credit broking |
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Exclusions (arts. 36B-36G) |
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Article 36B Introducing by individuals in the course of canvassing off trade premises |
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Article 36C Activities for which no fee is paid |
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Article 36D Transaction to which the broker is a party |
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Article 36E Activities in relation to certain agreements relating to land |
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Article 36F Activities carried on by members of the legal profession etc |
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Article 36FA Activities carried on by registered social landlords |
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⚠ Draft Article 36FB Activities in relation to certain regulated credit agreements |
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Article 36G Other exclusions |
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Chapter VIB Operating an Electronic System in Relation to Lending (arts. 36H-36J) |
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The activity (art. 36H) |
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Article 36H Operating an electronic system in relation to lending |
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Exclusion (arts. 36I-36IA) |
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Article 36I Information society services |
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Article 36IA Activities in relation to debentures and bonds |
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Supplemental (art. 36J) |
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Article 36J Meaning of "consumer" |
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Chapter VII Managing investments (arts. 37-39) |
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The activity (art. 37) |
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Article 37 Managing investments |
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Exclusions (arts. 38-39) |
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Article 38 Attorneys |
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Article 39 Other exclusions |
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Chapter VIIA assisting in the Administration and Performance of a Contract of Insurance (arts. 39A-39C) |
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The activity (art. 39A) |
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Article 39A Assisting in the administration and performance of a contract of insurance |
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Exclusions (arts. 39B-39C) |
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Article 39B Claims management on behalf of an insurer etc. |
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Article 39C Other exclusions |
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Chapter VIIB Activities in Relation to Debt (arts. 39D-39M) |
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The activities (arts. 39D-39G) |
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Article 39D Debt adjusting |
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Article 39E Debt-counselling |
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Article 39F Debt-collecting |
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Article 39G Debt administration |
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Exclusions (arts. 39H-39L) |
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Article 39H Activities where person has a connection to the agreement |
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Article 39I Activities carried on by certain energy suppliers |
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Article 39J Activities carried on in relation to a relevant agreement in relation to land |
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Article 39K Activities carried on by members of the legal profession etc |
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Article 39KA Activities carried on by reason of providing pensions guidance |
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Article 39L Other exclusions |
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Supplemental (art. 39M) |
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Article 39M Meaning of "consumer" etc. |
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Chapter VIII Safeguarding and administering investments (arts. 40-44) |
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The activity (art. 40) |
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Article 40 Safeguarding and administering investments |
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Exclusions (arts. 41-44) |
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Article 41 Acceptance of responsibility by third party |
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Article 42 Introduction to qualifying custodians |
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Article 42A Depositaries of UK UCITS and AIFs |
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Article 43 Activities not constituting administration |
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Article 44 Other exclusions |
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Chapter IX Sending dematerialised instructions (arts. 45-50) |
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The activities (art. 45) |
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Article 45 Sending dematerialised instructions |
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Exclusions (arts. 46-50) |
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Article 46 Instructions on behalf of participating issuers |
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Article 47 Instructions on behalf of settlement banks |
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Article 48 Instructions in connection with takeover offers |
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Article 49 Instructions in the course of providing a network |
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Article 50 Other exclusions |
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Chapter X Collective investment (arts. 51-51A) |
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The activities (art. 51-51ZE) |
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Article 51 Establishing etc. a collective investment scheme |
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Article 51ZA Managing a UK UCITS |
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Article 51ZB Acting as trustee or depositary of a UK UCITS |
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Article 51ZC Managing an AIF |
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Article 51ZD Acting as trustee or depositary of an AIF |
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Article 51ZE Establishing etc. a collective investment scheme |
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Exclusions (arts. 51ZF-51A) |
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Article 51ZF Persons excluded from managing an AIF |
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Article 51ZG Operating a collective investment scheme in relation to a UK UCITS or an AIF |
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Article 51A Other exclusions |
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Chapter XI Pension schemes (arts. 52-52A) |
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The activities (art. 52) |
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Article 52 Establishing etc. a pension scheme |
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Exclusion (art. 52A) |
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Article 52A Other exclusions |
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Chapter XIA Providing basic advice on stakeholder products (arts. 52B-52C) |
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The activity (art. 52B) |
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Article 52B Providing basic advice on stakeholder products |
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Exclusion (art. 52C) |
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Article 52C Providing pensions guidance |
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Chapter XII Advising on investments (arts. 53-55) |
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The activity (arts. 53-53E) |
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Article 53 Advising on investments |
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Article 53A Advising on regulated mortgage contracts |
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Article 53B Advising on regulated home reversion plans |
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Article 53C Advising on regulated home purchase plans |
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Article 53D Advising on regulated sale and rent back agreements |
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Article 53DA Advising on regulated credit agreements for the acquisition of land |
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Article 53E Advising on conversion or transfer of pension benefits |
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Exclusions (arts. 54-55) |
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Article 54 Advice given in newspapers etc. |
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Article 54A Advice given in the course of administration by authorised person |
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Article 54B Advice given by reason of providing pensions guidance |
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Article 55 Other exclusions |
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Chapter XIII Lloyd's (arts. 56-58A) |
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The activities (arts. 56-58) |
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Article 56 Advice on syndicate participation at Lloyd's |
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Article 57 Managing the underwriting capacity of a Lloyd's syndicate |
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Article 58 Arranging deals in contracts of insurance written at Lloyd's |
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Exclusion (art. 58A) |
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Article 58A Managers of UCITS and AIFs |
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Chapter XIV Funeral plan contracts (arts. 59-60AA) |
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The activity (art. 59) |
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Article 59 Funeral plan contracts |
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Exclusions (arts. 60-60AA) |
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Article 60 Plans covered by insurance or trust arrangements |
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Article 60ZA Local authorities |
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Article 60A Managers of UCITS and AIFs |
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Article 60AA Insolvency practitioners |
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Chapter XIVA Regulated Credit Agreements (arts. 60B-60M) |
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The activities (arts. 60B-60HA) |
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Article 60B Regulated credit agreements |
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Article 60C Exempt agreements: exemptions relating to the nature of the agreement |
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Article 60D Exempt agreements: exemption relating to the purchase of land for non-residential purposes |
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Article 60E Exempt agreements: exemptions relating to the nature of the lender |
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⚠ Article 60F Exempt agreements: exemptions relating to number of repayments to be made |
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Article 60G Exempt agreements: exemptions relating to the total charge for credit |
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Article 60H Exempt agreements: exemptions relating to the nature of the borrower |
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Article 60HA Exempt agreements: provision qualifying articles 60E and 60F |
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Exclusions (arts. 60I-60K) |
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Article 60I Arranging administration by authorised person |
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Article 60J Administration pursuant to agreement with authorised person |
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Article 60JA Payment institutions |
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Article 60JB Electronic money institutions |
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Article 60K Other exclusions |
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Supplemental (arts. 60L-60M) |
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Article 60L Interpretation of Chapter 14A etc. |
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Article 60LA Meaning of consumer etc. |
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Article 60LB Green deal plans |
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Article 60M Total charge for credit |
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Chapter XIVB Regulated Consumer Hire Agreements (art. 60N-60S) |
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The activities (arts. 60N-60Q) |
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Article 60N Regulated consumer hire agreements |
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Article 60O Exempt agreements: exemptions relating to nature of agreement |
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Article 60P Exempt agreements: exemptions relating to supply of essential services |
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Article 60Q Exempt agreements: exemptions relating to the nature of the hirer |
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Exclusion (art. 60R) |
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Article 60R Other exclusions |
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Supplemental (art. 60S) |
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Article 60S Meaning of consumer etc. |
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Chapter XV Regulated mortgage contracts (arts. 61-63A) |
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The activities (arts. 61-61A) |
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Article 61 Regulated mortgage contracts |
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Article 61A Mortgage contracts which are not regulated mortgage contracts |
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Exclusions (arts. 62-63A) |
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Article 62 Arranging administration by authorised person |
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Article 63 Administration pursuant to agreement with authorised person |
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Article 63A Other exclusions |
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Chapter XVA Regulated home reversion plans (arts. 63B-63E) |
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The activities (art. 63B) |
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Article 63B Entering into and administering regulated home reversion plans |
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Exclusions (arts. 63C-63E) |
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Article 63C Arranging administration by authorised person |
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Article 63D Administration pursuant to agreement with authorised person |
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Article 63E Other exclusions |
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Chapter XVB Regulated home purchase plans (arts. 63F-63I) |
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The activities (art. 63F) |
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Article 63F Entering into and administering regulated home purchase plans |
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Exclusions (arts. 63G-63I) |
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Article 63G Arranging administration by authorised person |
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Article 63H Administration pursuant to agreement with authorised person |
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Article 63I Other exclusions |
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Chapter XVC Regulated Sale and Rent Back Agreements (arts. 63J-63M) |
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The activities (art. 63J) |
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Article 63J Entering into and administering regulated sale and rent back agreements |
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Exclusions (arts. 63K-63M) |
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Article 63K Arranging administration by authorised person |
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Article 63L Administration pursuant to agreement with authorised person |
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Article 63M Other exclusions |
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Chapter XVD Activities of Reclaim Funds (art. 63N) |
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The activities (art. 63N) |
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Article 63N Dormant account funds |
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Chapter XVE Specified Benchmarks (arts. 63O-63T) |
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The activities (arts. 63O-63T) |
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Article 63O Specified benchmarks |
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Article 63P Publicly available factual data and subscription services |
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Article 63Q Administration of a specified benchmark by the FCA |
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Article 63R Schedule |
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Article 63S Administering a benchmark |
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Article 63T Administration of a benchmark by the FCA |
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Draft Chapter 15F ESG ratings (draft arts. 63U-63ZB) |
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Draft The activity (draft art. 63U) |
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⚠ Draft Article 63U ESG ratings |
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Draft Exclusions (draft arts. 63V-63ZB) |
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⚠ Draft Article 63V Regulated products and services |
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⚠ Draft Article 63W Intra-group ratings |
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⚠ Draft Article 63X Private use |
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⚠ Draft Article 63Y Ancillary non-commercial provision |
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⚠ Draft Article 63Z Public authorities, central banks and international organisations |
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⚠ Draft Article 63ZA Accreditation or certification |
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⚠ Draft Article 63ZB Interpretation |
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Chapter XVI Agreeing to carry on activities (arts. 64-65) |
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The activity (art. 64) |
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Article 64 Agreeing to carry on specified kinds of activity |
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Exclusions (art. 65) |
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Article 65 Overseas persons etc |
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Chapter XVII Exclusions applying to several specified kinds of activity (arts. 66-72J) |
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Article 66 Trustees, nominees and personal representatives |
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Article 67 Activities carried on in the course of a profession or non-investment business |
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Article 68 Activities carried on in connection with the sale of goods or supply of services |
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Article 69 Groups and joint enterprises |
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Article 70 Activities carried on in connection with the sale of a body corporate |
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Article 71 Activities carried on in connection with employee share schemes |
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Article 72 Overseas persons |
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Article 72A Information society services |
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Article 72AA Managers of UK UCITS and AIFs |
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Article 72B Activities carried on by a provider of relevant goods or services |
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Article 72C Provision of information on an incidental basis |
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Article 72D Large risks contracts where risk situated outside the United Kingdom |
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Article 72E Business Angel-led Enterprise Capital Funds |
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Article 72F Interpretation |
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Article 72G Local authorities |
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Article 72H Insolvency practitioners |
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Article 72I Registered consumer buy-to-let mortgage firms |
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Article 72J Persons seeking to use the exemption under Article 2.1(j) of the markets in financial instruments directive |
