Article 2 Relevant agreements – specified kinds of activityI1

United Kingdom

The following kinds of activity are specified for the purposes of section 93(3)(a) of the Act (interpretation of Part 7)—

(a)

a controlled activity;

(b)

an activity of the kind specified by any of the following provisions of the Regulated Activities Order—

(i)

article 45 (sending dematerialised instructions)^f1,

F1(ia)

article 51ZA (managing a UCITS),

(ib)

article 51ZB (acting as a trustee or depositary of a UCITS),

(ic)

article 51ZC (managing an AIF),

(id)

article 51ZD (acting as a trustee or depositary of an AIF),

(ii)

article 51ZE (establishing etc. a collective investment scheme),

(iii)

article 52 (establishing etc. a pension scheme)^f2, or

(iv)

article 57 (managing the underwriting capacity of a Lloyd’s syndicate),

(c)

so far as not already specified by paragraph (a), an activity of the kind specified by any of the following provisions of the Regulated Activities Order—

(i)

article 14 (dealing in investments as principal)^f3,

(ii)

article 21 (dealing in investments as agent)^f4,

(iii)

article 25(1) or (2) (arranging deals in investments)^f5,

(iv)

article 39A (assisting in the administration and performance of a contract of insurance)^f6,

(v)

article 53 (advising on investments)^f7, or

(vi)

so far as relevant to any of the provisions specified by sub-paragraphs (i) to (v), article 64^f8,

so far as it relates to a contract of insurance.

Annotations

Textual amendments

F1: Art. 2(b)(ia)-(ii) substituted for art. 2(b)(ii) (22.7.2013) by The Alternative Investment Fund Managers Regulations 2013 (S.I. 2013/1773), reg. 1, Sch. 2 para. 23

Commencement

I1: Art. 2 in force at 1.4.2013, see art. 1(1)

Footnotes

f1: Amended by SI 2001/3544 and SI 2002/682.
f2: Amended by SI 2006/1969.
f3: Amended by SI 2006/3384.
f4: Amended by SI 2003/1476 and SI 2006/3384.
f5: Amended by SI 2003/1476 and SI 2006/3384.
f6: Inserted by SI 2003/1476.
f7: Amended by SI 2003/1476.
f8: Amended by SI 2002/682, SI 2006/3384 and SI 2009/1389.