Source: http://www.legislation.gov.uk/ukpga/2000/8/schedule/6/2016-03-01/data.xht?view=snippet&wrap=true
Timestamp: 2019-07-19 21:51:33
Document Index: 206682384

Matched Legal Cases: ['ART 1', 'ART 1', 'art 4', 'art 4', 'ART 1', 'art 4', 'ART 1', 'art 4', 'ART 1', 'art 4', 'ART 1', 'ART 1', 'art. 3', 'art. 3']

[F1Section 55B]
F1Words in Sch. 6 substituted (1.4.2013) by The Financial Services and Markets Act 2000 (Threshold Conditions) Order 2013 (S.I. 2013/555), arts. 1, 2(1)
[F2PART 1U.K.Introduction
F2Sch. 6 Pts. 1-1G substituted for Sch. 6 Pts. 1, 2 (1.4.2013) by The Financial Services and Markets Act 2000 (Threshold Conditions) Order 2013 (S.I. 2013/555), arts. 1, 2(2)
1A.(1)In this Schedule—U.K.
(4)References to the failure of a person are to be read in accordance with section 2J(3) and (4).
PART 1BU.K.Part 4A permission: authorised persons who are not PRA-authorised persons
2B.(1)Unless sub-paragraph (3) [F3, (4)(a) or (7)] applies, if A is a body corporate incorporated in the United Kingdom—
[F4(7)If A is seeking to carry on, or is carrying on, the regulated activity of managing an AIF and is, or upon being granted Part 4A permission to carry on that regulated activity would be, [F5a full-scope UKAIFM, A’s head office and registered office must be in the United Kingdom.] [F5a full-scope UKAIFM—
F3Words in Sch. 6 para. 2B(1) substituted (22.7.2013) by The Alternative Investment Fund Managers Regulations 2013 (S.I. 2013/1773), reg. 1, Sch. 1 para. 36(a)
F4Sch. 6 para. 2B(7) inserted (22.7.2013) by The Alternative Investment Fund Managers Regulations 2013 (S.I. 2013/1773), reg. 1, Sch. 1 para. 36(b)
F5Words in Sch. 6 para. 2B(7) substituted (coming into force in accordance with reg. 1(3) of the amending S.I.) by The Alternative Investment Fund Managers (Amendment) Regulations 2013 (S.I. 2013/1797), reg. 1(3), Sch. 2 para. 1(6)
[F6(1A)Paragraphs (a), (b) and (e) of sub-paragraph (1) do not apply where the only regulated activities that the person carries on, or seeks to carry on, are—
F6Sch. 6 para. 2C(1A) substituted (14.2.2014 for specified purposes) by The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2014 (S.I. 2014/366), arts. 1(3)(4), 5(2)
(3)[F7Except in a case within sub-paragraph (3A), the matters] which are relevant in determining whether A has appropriate financial resources include—
[F8(3A)Where the only regulated activities that A carries on or seeks to carry on are—
F7Words in Sch. 6 para. 2D(3) substituted (26.7.2013 for specified purposes, 1.4.2014 in so far as not already in force) by The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) (No.2) Order 2013 (S.I. 2013/1881), arts. 1(2)(6), 10(19)(b)(i)
F8Sch. 6 para. 2D(3A) substituted (14.2.2014 for specified purposes, 1.4.2014 in so far as not already in force) by The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2014 (S.I. 2014/366), arts. 1(3)(4), 5(3)
(3)[F9This paragraph does not apply where the only regulated activities that the person carries on, or seeks to carry on, are—
F9Sch. 6 para. 2F(3) substituted (14.2.2014 for specified purposes, 1.4.2014 in so far as not already in force) by The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2014 (S.I. 2014/366), arts. 1(3)(4), 5(4)
[F102G.(1)In this Part of this Schedule, each of the following is a “relevant credit activity”—
[F12(ii)by a person in connection with an activity of the kind specified by paragraph (d) or (e) which the person also carries on,]
[F13(da)an activity of the kind specified by article 60B of that Order (regulated credit agreements) if carried on by a local authority,]
(f)an activity of the kind specified by article 89A of that Order (providing credit information services) where carried on by a person [F14in connection with an activity of the kind specified by any of paragraphs (a) to (e) which the person also carries on], or
(2)[F15Except where the activity is carried on by a not-for-profit body,] an activity is not a relevant credit activity for the purposes of—
if it relates to an agreement under which the obligation of the borrower to repay [F16or the hirer to pay] is secured, or is to be secured, by a legal mortgage on land.
[F17(3A)For the purposes of sub-paragraph (3), “domestic premises supplier” means a supplier who—
[F18(5)The case specified in this sub-paragraph is where the activity relates to a consumer hire agreement or a hire-purchase agreement.]
[F19“consumer hire agreement” has the meaning given by article 60N(3) of the Regulated Activities Order;]
[F21“local authority” means—
“supplier” means a person whose main business is to sell goods or supply services and not to carry on a regulated activity, other than an activity of the kind specified by article 60N of the Regulated Activities Order (regulated consumer hire agreements).]
F10Sch. 6 para. 2G inserted (26.7.2013 for specified purposes, 1.4.2014 in so far as not already in force) by The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) (No.2) Order 2013 (S.I. 2013/1881), arts. 1(2)(6), 10(19)(d)
F11Sch. 6 para. 2G(1)(b)(ii) substituted (14.2.2014 for specified purposes, 1.4.2014 in so far as not already in force) by The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2014 (S.I. 2014/366), arts. 1(3)(4), 5(5)(a)(i)
F12Sch. 6 para. 2G(1)(c)(ii) substituted (14.2.2014 for specified purposes, 1.4.2014 in so far as not already in force) by The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2014 (S.I. 2014/366), arts. 1(3)(4), 5(5)(a)(ii)
F13Sch. 6 para. 2G(1)(da) inserted (14.2.2014 for specified purposes, 1.4.2014 in so far as not already in force) by The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2014 (S.I. 2014/366), arts. 1(3)(4), 5(5)(a)(iii)
F14Words in Sch. 6 para. 2G(1)(f) substituted (14.2.2014 for specified purposes, 1.4.2014 in so far as not already in force) by The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2014 (S.I. 2014/366), arts. 1(3)(4), 5(5)(a)(iv)
F15Words in Sch. 6 para. 2G(2) substituted (14.2.2014 for specified purposes, 1.4.2014 in so far as not already in force) by The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2014 (S.I. 2014/366), arts. 1(3)(4), 5(5)(b)(i)
F16Words in Sch. 6 para. 2G(2) inserted (14.2.2014 for specified purposes, 1.4.2014 in so far as not already in force) by The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2014 (S.I. 2014/366), arts. 1(3)(4), 5(5)(b)(ii)
F17Sch. 6 para. 2G(3A)(3B) inserted (24.3.2015) by The Financial Services and Markets Act 2000 (Miscellaneous Provisions) Order 2015 (S.I. 2015/853), arts. 1(2), 2(2)
F18Sch. 6 para. 2G(5) substituted (24.3.2015) by The Financial Services and Markets Act 2000 (Miscellaneous Provisions) Order 2015 (S.I. 2015/853), arts. 1(2), 2(3)
F19Words in Sch. 6 para. 2G(6) inserted (24.3.2015) by The Financial Services and Markets Act 2000 (Miscellaneous Provisions) Order 2015 (S.I. 2015/853), arts. 1(2), 2(4)(a)
F20Words in Sch. 6 para. 2G(6) omitted (24.3.2015) by virtue of The Financial Services and Markets Act 2000 (Miscellaneous Provisions) Order 2015 (S.I. 2015/853), arts. 1(2), 2(4)(b)
F21Words in Sch. 6 para. 2G(6) inserted (14.2.2014 for specified purposes, 1.4.2014 in so far as not already in force) by The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2014 (S.I. 2014/366), arts. 1(3)(4), 5(5)(c)
PART 1CU.K.Part 4A permission: conditions for which FCA is responsible in relation to PRA-authorised persons
3A.If the person concerned (“B”) carries on, or is seeking to carry on, regulated activities which consist of or include a PRA-regulated activity, the threshold conditions which are relevant to the discharge by the FCA of its functions in relation to B are the conditions set out in paragraphs 3B to 3E.
3B.(1)B must be capable of being effectively supervised by the FCA having regard to all the circumstances including—
(2)B has close links with CL if—
3C.(1)The non-financial resources of B must be appropriate in relation to the regulated activities that B carries on or seeks to carry on, having regard to the operational objectives of the FCA.
3D.(1)B must be a fit and proper person, having regard to the operational objectives of the FCA.
(2)The matters which are relevant in determining whether B satisfies the condition in sub-paragraph (1) include—
3E.B’s business model (that is, B’s strategy for doing business) must be suitable for a person carrying on the regulated activities that B carries on or seeks to carry on, having regard to the FCA’s operational objectives.
PART 1DU.K.Part 4A permission: conditions for which the PRA is responsible in relation to insurers etc.
PART 1EU.K.Part 4A permission: conditions for which the PRA is responsible in relation to other PRA-authorised persons
PART 1FU.K.Authorisation under Schedule 3
PART 1GU.K.Authorisation under Schedule 4
7A.(1)In relation to a person who qualifies for authorisation under Schedule 4 who carries on PRA-regulated activities which consist of or include a regulated activity relating to the effecting or carrying out of contracts of insurance—U.K.
F2.... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(b)appears to [F22such of the FCA or the PRA as may be specified,] to be seeking to carry on a regulated activity relating to insurance business.
F22Words in Sch. 6 para. 8(2)(b) substituted (1.4.2013) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 18 para. 26 (with Sch. 20); S.I. 2013/423, art. 3, Sch.
F23Sch. 6 para. 9 omitted (1.4.2013) by virtue of Financial Services Act 2012 (c. 21), ss. 11(3), 122(3) (with Sch. 20); S.I. 2013/423, art. 3, Sch.