BKLM243150 - Relevant entities and groups: banking groups: UK resident bank: relevant regulated activities

Paragraph 79 of Schedule 19

The deposit-taker condition (see BKLM243110) and the wider banking condition (see BKLM243120) refer to ‘relevant regulated activities’. These activities are described in the following articles of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 (SI2001/544):

• article 5 (deposit taking)
• article 14 (dealing in investments as principal)
• article 21 (dealing in investments as agent)
• article 25 (arranging deals in investments)
• article 25DA (operating an organised trading facility)
• article 40 (safeguarding and administering investments), and
• article 61 (entering into regulated mortgage contracts).

The activity in article 25DA of operating an organised trading facility is included with effect for chargeable periods ending on or after 5 April 2022, and only where the firm carrying on this activity is dealing on own account in relation to sovereign debt instruments for which there is no liquid market.