# The Financial Services and Markets Act 2000 (Regulated Activities) Order 2001, Paragraph 2


This paragraph applies if—
(a) P's main business is not—
(i) the provision of investment services;
(ii) banking activities requiring permission under Part 4A of the Act (or banking activities which would require such permission if they were carried on in the United Kingdom); or
(iii) acting as a market-maker in relation to commodity derivatives;
(b) P does not apply a high-frequency algorithmic trading technique; and
(c) P reports to the FCA under regulation 47 of the Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 2017, upon request, the basis on which P considers that P's activity under points (i) and (ii) is ancillary to P's main business.

---
Source: https://www.legislation.gov.uk/uksi/2001/544/schedule/3/paragraph/2 (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000-regulated-activities-order-2001/schedule-3/paragraph-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.