regulated activity

regulated activity
In accordance with the Financial Services and Markets Act 2000 (FSMA), an activity of a specified kind which is carried on by way of business and either relates to an investment of a specified kind or a specified activity of a kind which is carried on in relation to property of any kind (section 19, FSMA). The Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 (SI 2001/544) (as amended) establishes the activities to be regulated under FSMA. The activities include deposit-taking, effecting and carrying out contracts of insurance and investment activities.
For further information, see the Financial Services Authority website.
Related links

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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