What is a regulated financial activity?

A regulated activity is any activity listed in Part 2 of the Financial Services and Markets Act 2000 that requires a person/firm to obtain explicit authorization from the FCA before carrying it out.

Examples include:

• Issuing electronic money
• Carrying out contracts of insurance
• Arranging deals in investments
• Advising on investments
• Arranging regulated mortgage contracts
• Debt counselling
• Debt administration
• Providing credit references

See here for the complete list of regulated activities.

Sources / related links

• Part 2 of the Financial Services and Markets Act 2000
• Regulated financial services activities – Solicitors Regulation Authority