[Part 1 Regulated Sector]
Proceeds of Crime Act 2002 (2002 c 29) | Legislation

SCHEDULE 9 Regulated Sector and Supervisory Authorities

Section 330

[Part 1 Regulated Sector]

[Business in the Regulated Sector

1

(1)     A business is in the regulated sector to the extent that it consists of—

(a)     the acceptance by a credit institution of deposits or other repayable funds from the public, or the granting by a credit institution of credits for its own account;

(b)     the carrying on of one or more of the activities listed in points 2 to 12[, 14 and 15] of [Schedule 2 to the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017] by an undertaking other than—

(i)     a credit institution; . . .

[(ia)     an undertaking whose only listed activity is as a creditor under an agreement which—

(aa)     falls within section 12(a) of the Consumer Credit Act 1974 (debtor-creditor-supplier agreements);

(bb)     provides fixed sum credit (within the meaning given in section 10(1)(b) of the Consumer Credit Act 1974 (running-account credit and fixed-sum credit)) in relation to the provision of services; and

(cc)     provides financial accommodation by way of deferred payment or payment by instalments over a period not exceeding 12 months; or]

(ii)     an undertaking whose only listed

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