Regulated and Prohibited Activities

Question 1

FCA/PRA Authorisation

Answer 1

Authorised Person

• Part 4A Permission
• Passport (MIFID)

Exempt person e.g. Bank of England

Question 2

Excluded Activities

Answer 2

• Newspapers and other media (not tip sheets)
• Providing Information
• Unpaid Trustees
• Employee share schemes
• Dealing as principal and end user where no service is offered

Question 3

Excluded Investments

Answer 3

• Property
• Tangible assets (Physicals)
• Currencies (Spot and forward deals )
• Premium Bonds
• National Savings

Foreign currencies

Question 4

Exempt Persons

Answer 4

Other Exempted Bodies (Bank of England, Governments, Central Banks, Supranational Bodies)

Recognised Clearing Houses

Appointed Representatives

Lloyd’s Syndicate members

Recognised Investment exchanges (RIEs and ROIEs ) overseas

Members of Designated Professional Bodies (accountants, actuaries, lawyers, solicitors, surveyors, conveyancers)