SCHEDULE 3Excepted contracts
8
1
For the purposes of paragraph 7—
a
“a relevant regulated activity” means an activity of the following kind—
i
dealing in investments, as principal or as agent;
ii
arranging deals in investments;
iii
operating a multilateral trading facility;
iv
managing investments;
v
safeguarding and administering investments;
vi
establishing, operating or winding up a collective investment scheme; and
b
for these purposes “investment” means—
i
shares;
ii
instruments creating or acknowledging indebtedness;
iii
instruments giving entitlement to investments
iv
certificates representing securities;
v
units in a collective investment scheme;
vi
options;
vii
futures;
viii
contracts for differences; and
ix
rights to or interests in investments.
2
Paragraph 7 and this paragraph must be read with—
a
section 22 of the Financial Services and Markets Act 2000;
b
any relevant order under that section; and
c
Schedule 2 to that Act,
but any restriction on or exclusion from the meaning of a regulated activity for the purposes of paragraph 7 which arises from the identity of the person carrying on such activity is to be disregarded.