Section 60L(3)

For the purposes of this regulation— “Regulated Activities Order” means the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001; “arranging deals in investments” means the activities specified in article 25 of the Regulated Activities Order; “buying” has the meaning given in article 3(1) of the Regulated Activities Order; “derivatives” means those financial instruments— defined in Article 2(1)(29) of Regulation (EU) 600/2014 of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Regulation (EU) 648/2012, or specified in articles 83 to 85 of the Regulated Activities Order; “derivatives broker” means a person who undertakes the following activities in relation to derivatives— buying, selling, arranging deals in investments, operating a multilateral trading facility, or operating an organised trading facility; “operating a multilateral trading facility” means the activities specified in article 25D of the Regulated Activities Order; “operating an organised trading facility” means the activities specified in article 25DA of the Regulated Activities Order; “relevant activity” means any activity which would, in absence of this regulation, contravene the prohibitions specified in paragraphs (1) and (2); “relevant institution” means— a person that has permission under Part 4A of the Financial Services and Markets Act 2000, a person that is authorised or registered under Part 2 of the Payment Services Regulations 2017, a person that is authorised or registered under Part 2 of the Electronic Money Regulations 2011, a person that is a “recognised clearing house”, “third country central counterparty”, “recognised CSD” or “third country CSD” for the purposes of section 285 of the Financial Services and Markets Act 2000, or a person that is an operator of a recognised payment system (or that is a service provider in relation to recognised payment systems) for the purposes of Part 5 of the Banking Act 2009; “selling” has the meaning given in article 3(1) of the Regulated Activities Order.

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Source: legislation.gov.uk · retrieved 2026-08-30