Article 4
An activity of the kind specified by any of the following provisions of the Regulated Activities Order -
(a) article 5 (accepting deposits);
(aa) article 9B (issuing electronic money);
(b) article 10 (effecting and carrying out contracts of insurance);
(c) article 14 (dealing in investments as principal);
(ca) article 24A (bidding in emissions auctions);
(da) article 51ZA (managing a UCITS);
(db) article 51ZB (acting as a trustee or depositary of a UCITS);
(dc) article 51ZC (managing an AIF);
(dd) article 51ZD (acting as a trustee or depositary of an AIF);
(de) article 51ZE (establishing etc. a collective investment scheme);
(e) article 52 (establishing etc. a pension scheme);
(ea) article 52B (providing basic advice on stakeholder products);