ABSTRACT
The concept of regulated activities is central to the regulatory regime of the Financial Services and Markets Act 2000. It is no exaggeration to say the Act only applies to regulated activities. Regulated activities must be of certain types as specified in the Regulated Activities Order. But there is an initial requirement that before any activity can be a regulated activity, it must be carried on in the course of business. The activities that qualified as regulated are to be specified by the treasury. The treasury has duly specified regulated activities by means of the Regulated Activities Order 2001 as frequently amended and for present purposes most substantively by the Financial Services and Market Act 2000 Amendment Order 2013, which take effect on 1 April 2014. These new regulated activities relate to many activities connected to the provision of credit and to the conclusion of hire agreements.
