Financial Services Act 1986 (c. 60)

SCHEDULES

SCHEDULE 1 Investments and Investment Business

PART II Activities Constituting Investment Business

Arranging deals in investments

13 Making, or offering or agreeing to make—

(a) arrangements with a view to another person buying, selling, subscribing for or underwriting a particular investment; or

(b) arrangements with a view to a person who participates in the arrangements buying, selling, subscribing for or underwriting investments.

• Notes

  (1)

  This paragraph does not apply to a person by reason of his making, or offering or agreeing to make, arrangements with a view to a transaction to which he will himself be a party as principal or which will be entered into by him as agent for one of the parties.

  (2)

  The arrangements in (a) above are arrangements which bring about or would bring about the transaction in question.