Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010.
exempt person — A person who is exempt from the general prohibition under the Financial Services and Markets Act 2000, in respect of the activities it carries on. Exempt persons can therefore carry on regulated activities (regulated activity) without… … Law dictionary
designated professional body — (DPB) A professional body designated by the Treasury under the Financial Services and Markets Act 2000. Such bodies include the Law Society (England and Wales), the Institute of Chartered Accountants in England and Wales, the Association of… … Law dictionary
FSMA overview — Introduction Implementation of the Financial Services and Markets Act 2000 (FSMA) completed the vesting of supervisory responsibilities in the regulator, the Financial Services Authority (FSA), and rationalised and substantially replaced the… … Law dictionary
recognised clearing house — (RCH) A body recognised as a clearing house by the Financial Services Authority (FSA) under Part XVIII of the Financial Services and Markets Act 2000 (FSMA), such that a recognition order is in force in respect of it. As an … Law dictionary
RCH — recognised clearing house (RCH) A body recognised as a clearing house by the Financial Services Authority (FSA) under Part XVIII of the Financial Services and Markets Act 2000 (FSMA), such that a recognition order is in force in respect of it. As … Law dictionary
recognised investment exchange — (RIE) An investment exchange recognised by the Financial Services Authority (FSA) under Part XVIII of the Financial Services and Markets Act 2000 (FSMA), such that a recognition order is in force in respect of it. As an … Law dictionary
RIE — recognised investment exchange (RIE) An investment exchange recognised by the Financial Services Authority (FSA) under Part XVIII of the Financial Services and Markets Act 2000 (FSMA), such that a recognition order is in force in respect of it.… … Law dictionary
Land banking — is the practice of purchasing land with the intent to hold on to it until such a time as it is highly profitable to sell it on to others for substantially more than was initially paid. Land is becoming increasingly popular as an investment due to … Wikipedia
appointed representative — Broadly, a person (other than an authorised person) who: • Has a contract with an authorised person (his principal) which permits or requires him to carry on business of a description prescribed in the Appointed Representatives Regulations and… … Law dictionary
general prohibition — The prohibition imposed by section 19 of the Financial Services and Markets Act 2000, which states that no person may carry on a regulated activity in the UK, or purport to do so, unless he is an authorised person or an exempt person. For further … Law dictionary
