# The Financial Services and Markets Act 2000 (Regulated Activities) Order 2001, Article 38: Attorneys

Extent: E+W+S+N.I.

(1) A person does not carry on an activity of the kind specified by article 37 if—
(a) he is a person appointed to manage the assets in question under a power of attorney; and
(b) all routine or day-to-day decisions, so far as relating to investments of a kind mentioned in article 37(a), are taken on behalf of that person by—
(i) an authorised person with permission to carry on activities of the kind specified by article 37; ...
(ii) a person who is an exempt person in relation to activities of that kind ; or
(iii) an overseas person.
(2) This article is subject to article 4(4).

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Source: https://www.legislation.gov.uk/uksi/2001/544/article/38 (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000-regulated-activities-order-2001/article-38
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.