Point in time view as at 06/06/2022.
There are currently no known outstanding effects for the The Financial Services and Markets Act 2000 (Regulated Activities) Order 2001, Section 42.
42.—(1) There are excluded from article 40 any arrangements pursuant to which introductions are made by a person (“P") to a qualifying custodian with a view to the qualifying custodian providing in the United Kingdom a service comprising an activity of the kind specified by article 40, where the qualifying person (or other person who is to safeguard and administer the assets in question) is not connected with P.
(2) For the purposes of paragraph (1)—
(a)“qualifying custodian" has the meaning given by article 41(2); and
(b)a person is connected with P if either he is a member of the same group as P, or P is remunerated by him.
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