{
  "url": "https://openlegislation.uk/financial-services-act-1986-restriction-of-scope-of-act-order-1988/article-2",
  "json_url": "https://openlegislation.uk/financial-services-act-1986-restriction-of-scope-of-act-order-1988/article-2.json",
  "legislation": "uksi/1988/318",
  "legislation_title": "The Financial Services Act 1986 (Restriction of Scope of Act) Order 1988",
  "legislation_url": "https://openlegislation.uk/financial-services-act-1986-restriction-of-scope-of-act-order-1988",
  "path": "article/2",
  "kind": "article",
  "number": "2",
  "heading": "Arranging deals in investments",
  "text": "The following note shall be added to paragraph 13 of Schedule 1 to the Act—\n“(3) This paragraph does not apply to a person (“the relevant person”) who is either a money-lending company within the meaning of section 338 of the Companies Act 1985 or a body corporate incorporated under the law of, or of any part of, the United Kingdom relating to building societies or a person whose ordinary business includes the making of loans or the giving of guarantees in connection with loans by reason of the relevant person making, or offering or agreeing to make, arrangements with a view to a person (“the authorised person”) who is either authorised under section 22 or 23 of this Act or who is authorised under section 31 of this Act and carries on insurance business which is investment business selling an investment which falls within paragraph 10 above or, so far as relevant to that paragraph, paragraph 11 above if the arrangements are either—\n(a) that the authorised person or a person on his behalf will introduce persons to whom the authorised person has sold or proposes to sell an investment of the kind described above, or will advise such persons to approach, the relevant person with a view to the relevant person lending money on the security of that investment; or\n(b) that the authorised person gives an assurance to the relevant person as to the amount which will or may be received by the relevant person, should that person lend money to a person to whom the authorised person has sold or proposes to sell an investment of the kind described above, on the surrender or maturity of that investment if it is taken as security for the loan.”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "1985 c. 6."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1988/318/article/2",
    "retrieved_at": "2026-10-29T16:11:09.878912+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."
}