28. In this Schedule—
[F1“AIFM” has the meaning given in the Regulated Activities Order;]
[F2“agreement provider” has the meaning given in paragraph (3) of article 63J of the Regulated Activities Order, read with paragraphs (6) and (7) of that article;
“agreement seller” has the meaning given in article 63J(3) of the Regulated Activities Order]
[F3“borrower” has the meaning given by article 60L of the Regulated Activities Order;]
“buying” includes acquiring for valuable consideration;
[F4“Commission Regulation” [F5means Commission Regulation 1287/2006 of 10 August 2006] [F5has the meaning given in the Regulated Activities Order] ;]
[F3“consumer hire agreement” has the meaning given by article 60N of the Regulated Activities Order;]
“contract of insurance” has the meaning given in the Regulated Activities Order;
“contractually based investment” means—
rights under a qualifying contract of insurance;
any investment of the kind specified by any of paragraphs 21, 22, 23 and 25;
any investment of the kind specified by paragraph 27 so far as relevant to an investment falling within (a) or (b);
[F4“credit institution” has the meaning given in the Regulated Activities Order;]
[F3“hirer” has the meaning given by article 60N of the Regulated Activities Order;]
[F6“home purchase provider” and “home purchaser” have the meanings given in article 63F(3) of the Regulated Activities Order;]
[F4“investment firm” has the meaning given in the Regulated Activities Order;
“investment services and activities” has the meaning given in the Regulated Activities Order;]
[F3“lender” has the meaning given by article 60L of the Regulated Activities Order;]
[F4“management company” has the meaning given in the Regulated Activities Order;
“market operator” has the meaning given in the Regulated Activities Order;
[F1“markets in financial instruments directive” means Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments (recast);]
“MiFID instrument” has the meaning given in article 25D(2) of the Regulated Activities Order;
“multilateral trading facility” has the meaning given in the Regulated Activities Order;]
[F1“non-equity MiFID instrument” has the meaning given in article 25DA of the Regulated Activities Order;]
[F7“occupational pension scheme” has the meaning given by section 1 of the Pension Schemes Act 1993 but with paragraph (b) of the definition omitted;]
[F1“organised trading facility” has the meaning given in the Regulated Activities Order;]
[F8“plan provider” has the meaning given by paragraph (3) of article 63B of the Regulated Activities Order, read with paragraphs (7) and (8) of that article;]
“property” includes currency of the United Kingdom or any other country or territory;
“qualifying funeral plan contract” has the meaning given by paragraph 9;
[F3“regulated consumer hire agreement” has the meaning given by article 60N of the Regulated Activities Order;]
[F3“regulated credit agreement” has the meaning given by article 60B of the Regulated Activities Order;]
[F9“regulated home purchase plan” has the meaning given in article 63F(3) of the Regulated Activities Order;
“regulated home reversion plan” and “reversion seller” have the meanings given in article 63B(3) of the Regulated Activities Order;]
[F10“regulated sale and rent back agreement” has the meaning given in article 63J(3) of the Regulated Activities Order;]
[F11“relevant credit agreement” means a credit agreement (within the meaning given by article 60B of the Regulated Activities Order) other than—
a regulated mortgage contract or a regulated home purchase plan (within the meaning of that Order); or
a buy-to-let mortgage contract as defined in article 4 of the Mortgage Credit Directive Order 2015;]
[F3“relevant recipient of credit” has the meaning given by article 60L of the Regulated Activities Order.]
“security” means a controlled investment falling within any of paragraphs 14 to 20 [F12or 23A] or, so far as relevant to any such investment, paragraph 27;
“selling”, in relation to any investment, includes disposing of the investment for valuable consideration, and for these purposes “disposing” includes—
in the case of an investment consisting of rights under a contract—
surrendering, assigning or converting those rights; or
assuming the corresponding liabilities under the contract;
in the case of an investment consisting of rights under other arrangements, assuming the corresponding liabilities under the arrangements; and
in the case of any other investment, issuing or creating the investment or granting the rights or interests of which it consists;
“syndicate” has the meaning given in the Regulated Activities Order.
Textual Amendments
F1Words in Sch. 1 para. 28 inserted (1.4.2017 for specified purposes, 3.1.2018 in so far as not already in force) by The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2017 (S.I. 2017/488), art. 1(2), Sch. para. 9(10)(k)(i)
F2Words in Sch. 1 para. 28 inserted (1.7.2009 for specified purposes, 30.6.2010 so far as not already in force) by The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2009 (S.I. 2009/1342), arts. 1(2), 30(5)(c)(i)
F3Words in Sch. 1 para. 28 inserted (26.7.2013 for specified purposes, 1.4.2014 in so far as not already in force) by The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) (No.2) Order 2013 (S.I. 2013/1881), arts. 1(2)(6), 17(6)(e)
F4Words in Sch. 1 para. 28 inserted (1.4.2007 for specified purposes, 1.11.2007 in so far as not already in force) by The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment No. 3) Order 2006 (S.I. 2006/3384), arts. 1(2), 40(6)
F5Words in Sch. 1 para. 28 substituted (1.4.2017 for specified purposes, 3.1.2018 in so far as not already in force) by The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2017 (S.I. 2017/488), art. 1(2), Sch. para. 9(10)(k)(ii)
F6Words in Sch. 1 para. 28 inserted (6.11.2006 for specified purposes, 6.4.2007 in so far as not already in force) by The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) (No.2) Order 2006 (S.I. 2006/2383), arts. 1(2), 35(6)(c)(i)
F7Words in Sch. 1 para. 28 substituted (6.4.2007) by The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2006 (S.I. 2006/1969), arts. 1(2)(b), 12(4)
F8Words in Sch. 1 para. 28 inserted (6.11.2006 for specified purposes, 6.4.2007 in so far as not already in force) by The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) (No.2) Order 2006 (S.I. 2006/2383), arts. 1(2), 35(6)(c)(ii)
F9Words in Sch. 1 para. 28 inserted (6.11.2006 for specified purposes, 6.4.2007 in so far as not already in force) by The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) (No.2) Order 2006 (S.I. 2006/2383), arts. 1(2), 35(6)(c)(iii)
F10Words in Sch. 1 para. 28 inserted (1.7.2009 for specified purposes, 30.6.2010 so far as not already in force) by The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2009 (S.I. 2009/1342), arts. 1(2), 30(5)(c)(ii)
F11Words in Sch. 1 para. 28 substituted (20.4.2015 for specified purposes, 21.12.2015 for specified purposes, 21.3.2016 in so far as not already in force) by The Mortgage Credit Directive Order 2015 (S.I. 2015/910), art. 1(5), Sch. 1 para. 12(3) (with Pt. 4)
F12Words in Sch. 1 para. 28 inserted (1.4.2017 for specified purposes, 3.1.2018 in so far as not already in force) by The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2017 (S.I. 2017/488), art. 1(2), Sch. para. 9(10)(k)(iii)