{
  "url": "https://openlegislation.uk/criminal-justice-act-1993/section-59",
  "json_url": "https://openlegislation.uk/criminal-justice-act-1993/section-59.json",
  "legislation": "ukpga/1993/36",
  "legislation_title": "Criminal Justice Act 1993",
  "legislation_url": "https://openlegislation.uk/criminal-justice-act-1993",
  "path": "section/59",
  "kind": "section",
  "number": "59",
  "heading": "“Professional intermediary”.",
  "text": "(1) For the purposes of this Part, a “professional intermediary” is a person—\n(a) who carries on a business consisting of an activity mentioned in subsection (2) and who holds himself out to the public or any section of the public (including a section of the public constituted by persons such as himself) as willing to engage in any such business; or\n(b) who is employed by a person falling within paragraph (a) to carry out any such activity.\n(2) The activities referred to in subsection (1) are—\n(a) acquiring or disposing of securities (whether as principal or agent); or\n(b) acting as an intermediary between persons taking part in any dealing in securities.\n(3) A person is not to be treated as carrying on a business consisting of an activity mentioned in subsection (2)—\n(a) if the activity in question is merely incidental to some other activity not falling within subsection (2); or\n(b) merely because he occasionally conducts one of those activities.\n(4) For the purposes of section 52, a person dealing in securities relies on a professional intermediary if and only if a person who is acting as a professional intermediary carries out an activity mentioned in subsection (2) in relation to that dealing.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/1993/36/section/59",
    "retrieved_at": "2026-10-29T09:34:53.591639+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}