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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 April 2014 - onwards
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Regulation 5 Credit related activities: prescribed businesses etc.

(1) Any business which comprises an activity of the kind prescribed by regulation 2 is prescribed for the purposes of section 39(1C)(b)(i) of the Act (prescribed business) except to the extent that the person carrying on that activity ("P") has Part 4A permission to carry it on.

(2) Subject to paragraph (3), the following kinds of regulated activities are prescribed for the purposes of section 39(1E)(a) of the Act -

(a) an activity of the kind specified by article 36A of the Regulated Activities Order (credit broking) when carried on in a case specified in paragraph (4), (5) or (6);

(b) an activity of the kind specified by article 39D of that Order (debt adjusting) when carried on -

(i) in the case specified in paragraph (4), by a person who also carries on an activity of the kind specified by sub-paragraph (a),

(ii) by a person in connection with an activity of the kind specified by paragraph (d) or (e) which the person also carries on, or

(iii) by a not-for-profit body;

(c) an activi

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