{
  "url": "https://openlegislation.uk/financial-services-and-markets-act-2000-professions-non-exempt-activities-order-2001/article-5",
  "json_url": "https://openlegislation.uk/financial-services-and-markets-act-2000-professions-non-exempt-activities-order-2001/article-5.json",
  "legislation": "uksi/2001/1227",
  "legislation_title": "The Financial Services and Markets Act 2000 (Professions) (Non-Exempt Activities) Order 2001",
  "legislation_url": "https://openlegislation.uk/financial-services-and-markets-act-2000-professions-non-exempt-activities-order-2001",
  "path": "article/5",
  "kind": "article",
  "number": "5",
  "heading": null,
  "text": "(1) An activity of the kind specified by article 37 of the Regulated Activities Order (managing investments) in so far as it consists of buying or subscribing for a security, contractually based investment or structured deposit.\n(2) Paragraph (1) does not apply—\n(a) if all routine or day to day decisions, so far as relating to that activity, are taken by an authorised person with permission to carry on that activity or by a person who is an exempt person in relation to such an activity; or\n(b) to an activity undertaken in accordance with the advice of an authorised person with permission to give advice in relation to such an activity or a person who is an exempt person in relation to the giving of such advice.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words in art. 5(1) substituted (1.4.2017 for specified purposes, 3.1.2018 in so far as not already in force) by The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2017 (S.I. 2017/488), art. 1(2), Sch. para. 8(3)"
    },
    {
      "type": "I",
      "label": "I1",
      "text": "Art. 5 in force at 1.12.2001, see art. 1(2)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2001/1227/article/5",
    "retrieved_at": "2026-10-29T07:52:42.848999+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."
}