Schedule Insertion of Schedule 19D to the Financial Services and Markets Act 2000

“SCHEDULE 19D

Activities of financial institutions

Section 417

1.

Lending, including—

(a)

providing consumer credit,

(b)

entering into credit agreements relating to immovable property,

(c)

factoring (with or without recourse), and

(d)

financing commercial transactions (including forfeiting).

2.

Financial leasing.

3.

Payment services (as defined in regulation 2 of the Payment Services Regulations 2017 (S.I. 2017/752)).

4.

Issuing and administering means of payment (including travellers’ cheques and bankers’ drafts) where such activities are not covered by paragraph 3.

5.

Providing guarantees or entering into commitments.

6.

Trading for own account or for the account of customers in any of the following—

(a)

money market instruments (including cheques, bills and certificates of deposits);

(b)

foreign exchange;

(c)

financial futures and options;

(d)

exchange and interest rate instruments;

(e)

transferable securities.

7.

Participation in securities issues and the provision of services relating to those issues.

8.

Providing—

(a)

advice to undertakings in relation to capital structure, industrial strategy and related matters;

(b)

advice and services in relation to the mergers and acquisition of undertakings.

9.

Money broking.

10.

Providing portfolio management and advice.

11.

Safekeeping and administration of securities.

12.

Issuing electronic money.

13.

Providing a service or carrying on an activity specified in Part 3 or 3A of Schedule 2 (financial instruments and investment services and activities) to the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 (S.I. 2001/544) relating to any of the financial instruments specified in Part 1 of that Schedule.”