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 鈥榬elevant regulated activities鈥�. 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.