controlled activity
A class of activity, as specified in accordance with the Financial Services and Markets Act 2000, which may only be carried out by authorised persons. Such activities include accepting deposits, effecting contracts of insurance, carrying out contracts of insurance, dealing in securities and contractually-based investments as principal or agent, arranging deals in investments, managing investments, safeguarding and administering investments, advising on investments, advising on syndicate participation at Lloyd's, providing funeral plan contracts and providing qualifying credit.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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