History

Pt. 1 substituted by SI 2007/3288, art. 2, with effect from 15 December 2007.


BUSINESS IN THE REGULATED SECTOR

1(1)  A business is in the regulated sector to the extent that it consists of–

(a)the acceptance by a credit institution of deposits or other repayable funds from the public, or the granting by a credit institution of credits for its own account;

(b)the carrying on of one or more of the activities listed in points 2 to 12, 14 and 15 of Annex 1 to the Capital Requirements Directive by an undertaking other than–

(i)a credit institution;

(ia)an undertaking whose only listed activity is as a creditor under an agreement which–

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