Legal statusU.K.
1(1)If the regulated activity concerned is the effecting or carrying out of contracts of insurance the authorised person must be a body corporate [F1(other than a limited liability partnership)], a registered friendly society or a member of Lloyd’s.U.K.
(2)If the person concerned appears to the Authority to be seeking to carry on, or to be carrying on, a regulated activity constituting accepting deposits [F2or issuing electronic money] , it must be—
(a)a body corporate; or
(b)a partnership.
Textual Amendments
F1Words in Sch. 6 para. 1(1) inserted (3.9.2001) by S.I. 2001/2507, arts. 1(1), 2; S.I. 2001/2632, art. 2(2), Sch. Pt. 2
F2Words in Sch. 6 para. 1(2) inserted (11.4.2002) by The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2002 (S.I. 2002/682), art. 8