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Article 2 Regulated activities which are PRA-regulated activities

Original text. Later amendments are not shown.

For the purposes of the Act, the following regulated activities are PRA-regulated activities—

(a)

the activity of accepting deposits as specified by article 5 of the Regulated Activities Orderf1;

(b)

the activity of effecting a contract of insurance as principal as specified by article 10(1) of the Regulated Activities Order;

(c)

the activity of carrying out a contract of insurance as principal as specified by article 10(2) of the Regulated Activities Order;

(d)

dealing in investments as principal where carried on by a person designated by the PRA under article 3 of this Order;

(e)

the activity of managing the underwriting capacity of a Lloyd’s syndicate as a managing agent at Lloyd’s as specified by article 57 of the Regulated Activities Order;

(f)

the activity of arranging, by the society incorporated by Lloyd’s Act 1871f2 by the name of Lloyd’s, of deals in contracts of insurance written at Lloyd’s as specified by article 58 of the Regulated Activities Order;

(g)

any other regulated activity carried on by that society in connection with, or for the purposes of, the activity specified in paragraph (f).

Annotations

Footnotes

f1

Amended by S.I. 2002/682.

f2

1871 c.21.