# The Financial Services and Markets Act 2000 (Regulated Activities) Order 2001, Article 9Z4: Article 9Y exclusion: trustees, nominees and personal representatives


(1) There are excluded from article 9Y arrangements made by a person (“A”) acting as trustee or personal representative for, or with a view to a transaction which is, or is to be, entered into by—
(a) A and a fellow trustee or personal representative, acting in their capacity as such, or
(b) a beneficiary under the trust, will or intestacy.
(2) Paragraph (1) does not apply where A is remunerated for what A does in addition to any remuneration A receives as trustee or personal representative, and for these purposes A is not to be regarded as receiving additional remuneration merely because A’s remuneration is calculated by reference to time spent.

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Source: https://www.legislation.gov.uk/uksi/2001/544/article/9Z4 (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000-regulated-activities-order-2001/article-9Z4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.