BKM402450 | Banking surcharge: definition of banking company: relevant regulated activities

CTA10/S269BB

Relevant regulated activities are any activities prescribed in the following provisions of the FSMA 2000 (Regulated Activities) Order 2001 (S.I. 2001/544):

1. article 5 (accepting deposits)

2. article 14 (dealing in investments as principal)

3. article 21 (dealing in investments as agent)

4. article 25 (arranging deals in investments)

5. article 25DA (operating an organised trading facility)

6. article 40 (safeguarding and administering investments)

7. article 61 (entering into regulated mortgage contracts).

The activity in article 25DA of operating an organised trading facility is included with effect for accounting periods beginning on or after 5 April 2022, and only where the firm carrying on this activity is dealing on own account in relation to sovereign debt instruments for which there is no liquid market.