Version Superseded: 22/07/2013
Point in time view as at 01/04/2013.
Financial Services and Markets Act 2000, Paragraph 2 is up to date with all changes known to be in force on or before 10 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
2(1)A person authorised as a result of paragraph 1(1) has permission to carry on, so far as it is a regulated activity—U.K.
(a)any activity, appropriate to the capacity in which he acts in relation to the scheme, of the kind described in paragraph 8 of Schedule 2;
(b)any activity in connection with, or for the purposes of, the scheme.
(2)A person authorised as a result of paragraph 1(3) [F1or (4)] has permission to carry on, so far as it is a regulated activity—
(a)the operation of the scheme;
(b)any activity in connection with, or for the purposes of, the operation of the scheme.
Textual Amendments
F1Words in Sch. 5 para. 2(2) inserted (13.2.2004) by The Collective Investment Schemes (Miscellaneous Amendments) Regulations 2003 (S.I. 2003/2066), reg 10(b)
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