Dealing in investments


Published by a ÀÏ˾»úÎçÒ¹¸£Àû Financial Services expert
Practice notes

Dealing in investments


Published by a ÀÏ˾»úÎçÒ¹¸£Àû Financial Services expert

Practice notes
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Scope of this Practice Note

This Practice Note provides information on the regulated activity of dealing in investments (either as principal or agent) which is found in article 14 of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001, SI 2001/544 (RAO), as has been amended from time to time. authorised persons can obtain permission to deal in investments as principal, or as agent for another. Dealing in investments as principal or agent are specified activities.

Dealing as principal or as agent

Authorised persons can obtain permission to deal in investments as principal, or as agent for another. Dealing in investments as principal or agent are specified activities.

Dealing in investments as principal

Dealing in investments as principal is a regulated activity under RAO, SI 2001/544, art 14.

The activity consists of:

  1. •

    buying

  2. •

    selling

  3. •

    subscribing for, or

  4. •

    underwriting

securities or contractually-based investments as principal (ie for and on behalf of oneself).

The operation of a multilateral trading facility or an organised trading facility is not covered by RAO, SI 2001/544, art 14.

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Jurisdiction(s):
United Kingdom
Related legal acts:
Key definition:
Investments definition
What does Investments mean?

A product specified in the FSA Regulated Activities Order.

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