{
  "url": "https://openlegislation.uk/financial-services-and-markets-act-2000-regulated-activities-providing-targeted-support-amendment-order-2026/article-2",
  "json_url": "https://openlegislation.uk/financial-services-and-markets-act-2000-regulated-activities-providing-targeted-support-amendment-order-2026/article-2.json",
  "legislation": "uksi/2026/74",
  "legislation_title": "The Financial Services and Markets Act 2000 (Regulated Activities) (Providing Targeted Support) (Amendment) Order 2026",
  "legislation_url": "https://openlegislation.uk/financial-services-and-markets-act-2000-regulated-activities-providing-targeted-support-amendment-order-2026",
  "path": "article/2",
  "kind": "article",
  "number": "2",
  "heading": "Amendment of the Regulated Activities Order",
  "text": "(1) The Regulated Activities Order is amended as follows.\n(2) In article 55 (other exclusions to the activity of advising on investments)—\n(a) in the heading, after “exclusions”, insert “etc.”;\n(b) after paragraph (1), insert—\n“(1A) Article 53 is also subject to article 55A(2).”.\n(3) After article 55 insert—\n“CHAPTER 12A\nProviding Targeted Support\nProviding Targeted Support\n55A (1) Providing targeted support is a specified kind of activity.\n(2) Where a person provides targeted support they are not advising an individual for the purposes of article 53 (advising on investments).\n(3) For the purposes of paragraphs (1) and (2), a person (“P”) provides targeted support when—\n(a) P uses information about an individual to group the individual with other individuals in a group who share—\n(i) similar characteristics;\n(ii) similar circumstances; or\n(iii) similar characteristics and similar circumstances;\n(b) P makes a recommendation which—\n(i) is provided to the individual;\n(ii) constitutes a recommendation for the individual to do or not do any of the following—\n(aa) buy, sell, subscribe for, exchange, redeem, hold or underwrite a particular investment which is a security, structured deposit or a relevant investment; or\n(bb) exercise any right conferred by such an investment to buy, sell, subscribe for, exchange or redeem such an investment; and\n(iii) is presented as suitable for the individual on the basis of the individual being in the group; and\n(c) P makes a statement to the individual in accordance with paragraphs (4) and (5).\n(4) The statement made by P must specify—\n(a) that the recommendation is not based on a comprehensive consideration by P of the individual’s characteristics or circumstances;\n(b) that the recommendation is not specific to the individual; and\n(c) the characteristics, or circumstances, or both if applicable, of the group which P has used as the basis for the recommendation.\n(5) The statement must be made by P at the same time as the recommendation is made to the individual.\n(6) In this article,\n“the group” means the group of individuals referred to in paragraph (3)(a).”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "Article 55 was amended by S.I. 2003/1475, 2003/1476, 2006/2383, 2013/1773, 2015/910, 2014/366, 2019/632 and 2019/1361."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2026/74/article/2",
    "retrieved_at": "2026-10-28T21:06:54.473468+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."
}