The following is a list of financial services activities that can generally be carried out in the United Kingdom only by a company authorised by the Financial Conduct Authority (“FCA“).

Please do not hesitate to contact us if you require any additional information regarding the description of such activities, any available exemptions and the process to obtain any required FCA authorisation.

1.     Investment Activities

  • Advising on investments (except peer-to-peer loan (P2P) agreements)
  • Arranging (bringing about) deals in investments
  • Making arrangements with a view to transactions in investments
  • Dealing in investments as principal
  • Dealing in investments as agent
  • Managing investments
  • Safeguarding and administration of assets (without arranging)
  • Arranging safeguarding and administration of assets
  • Operating a multilateral trading facility (MTF)
  • Operating an organised trading facility (OTF)
  • Establishing, operating or winding up a collective investment scheme
  • Managing an authorised alternative investment fund (AIF)
  • Managing an unauthorised AIF
  • Managing a UCITS fund
  • Acting as trustee or depositary of a UCITS fund
  • Acting as trustee or depositary of an AIF
  • Sending dematerialised instructions
  • Causing dematerialised instructions to be sent
  • Providing information in relation to a specified benchmark
  • Administering a specified benchmark
  • Bidding in emissions auctions

2.     Credit-Related Activities

  • Entering into a regulated credit agreement as lender
  • Exercising, or having the right to exercise, the lender’s rights and duties under a regulated credit agreement
  • Credit broking
  • Debt adjusting
  • Debt counselling
  • Debt collecting
  • Debt administration
  • Advising on regulated credit agreements for the acquisition of land
  • Entering into a regulated consumer hire agreement as owner
  • Exercising, or having the right to exercise, the owner’s rights and duties under a regulated consumer hire agreement
  • Providing credit information services
  • Providing credit references
  • Operating an electronic system in relation to lending
  • Advising on P2P agreements
  • Arranging (bringing about) a home purchase plan
  • Making arrangements with a view to a home purchase plan
  • Arranging (bringing about) a regulated sale and rent back agreement
  • Making arrangements with a view to a regulated sale and rent back agreement
  • Advising on regulated mortgage contracts
  • Advising on a home reversion plan
  • Advising on a home purchase plan
  • Advising on a regulated sale and rent back agreement
  • Advising on regulated credit agreements for the acquisition of land
  • Entering into a regulated mortgage contract
  • Administering a regulated mortgage contract
  • Entering into a home reversion plan
  • Administering a home reversion plan
  • Entering into a home purchase plan
  • Administering a home purchase plan
  • Entering into a regulated sale and rent back agreement
  • Administering a regulated sale and rent back agreement
  • Arranging (bringing about) regulated mortgage contracts
  • Making arrangements with a view to regulated mortgage contracts
  • Arranging (bringing about) a home reversion plan
  • Making arrangements with a view to a home reversion plan

3.     Banking, Insurance & Other

  • Accepting deposits
  • Issuing electronic money
  • Effecting contracts of insurance
  • Carrying out contracts of insurance
  • Assisting in the administration and performance of a contract of insurance
  • Advising on syndicate participation at Lloyd’s
  • Managing the underwriting capacity of a Lloyd’s syndicate as a managing agent at Lloyd’s
  • Arranging deals in contracts of insurance written at Lloyd’s
  • Advising on investments (except P2P agreements) in respect of pension transfers and pension opt-outs
  • Establishing, operating or winding up a stakeholder pension scheme
  • Providing basic advice on stakeholder products
  • Establishing, operating or winding up a personal pension scheme
  • Advising on conversion or transfer of pension benefits
  • Meeting of repayment claims
  • Managing dormant account funds (including the investment of such funds)
  • Entering as provider into a funeral plan contract.

Disclaimer:  This article provides general information only.  It is not intended to be comprehensive and does not constitute the provision of legal or regulatory advice.  FS REG is not responsible for any action taken or omitted to be taken on the basis of the information contained in this article.  © 2018 FS REG Limited (www.fsreg.com).  All rights reserved.