This part of GOV.UK is being rebuilt – find out what beta means

HMRC internal manual

Banking Manual

Bank loss restriction: definition of banking company: relevant regulated activities

Relevant regulated activities are any activities prescribed in the following provisions of the FSMA 2000 (Regulated Activities) Order 2001 (S.I. 2001/544):

  • article 5   (accepting deposits)
  • article 14 (dealing in investments as principal)
  • article 21 (dealing in investments as agent)
  • article 25 (arranging deals in investments)
  • article 40 (safeguarding and administering investments)
  • article 61 (entering into regulated mortgage contracts).