7 Extension of scope of regulation
Financial Services Act 2012 (2012 c 21) | Legislation

Regulated activities

7  Extension of scope of regulation

(1)     In section 22 of FSMA 2000 (the classes of activity and categories of investment)—

(a)     after subsection (1) insert—

“(1A)     An activity is also a regulated activity for the purposes of this Act if it is an activity of a specified kind which is carried on by way of business and relates to—

(a)     information about a person's financial standing, or

(b)     the setting of a specified benchmark.”,

(b)     in subsection (3), after “(1)” insert “or (1A)”,

(c)     after subsection (5) insert—

“(6)     Benchmark” means an index, rate or price that—

(a)     is determined from time to time by reference to the state of the market,

(b)     is made available to the public (whether free of charge or on payment), and

(c)     is used for reference for purposes that include one or more of the following—

(i)

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