Section 232(5B)

In this section— “rules” means general rules (within the meaning of the Financial Services and Markets Act 2000) made by virtue of section 137B(1) of that Act; “insurance mediation activity” has the meaning given by paragraph 2(5) of Schedule 6 to that Act (read as mentioned in paragraph 2(6) of that Schedule); and “investment activity” means— anything that falls within the definition of “investment services and activities” in section 417(1) of that Act; or anything that is “designated investment business” within the meaning of the Financial Conduct Authority Handbook or the Prudential Regulation Authority Handbook.

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Source: legislation.gov.uk · retrieved 2026-09-04