UK Statutory Instrument SI 2013 United Kingdom

Financial Services and Markets Act 2000 (PRA-regulated Activities) Order 2013

This Order specifies, for the purposes of the Financial Services and Markets Act 2000, which regulated activities are “PRA-regulated activities” and so are the regulated activities which are subject to prudential regulation by the Prudential Regulation Authority (“PRA”), rather than the Financial Conduct Authority.

Read it on legislation.gov.uk (opens in a new tab)
Enforced by
FCA, PRA
Status
In Force
Penalty ceiling
Regulated

Does it bind you?

Business-side roles with duties under this instrument.

Plus 2 duties on the regulator, Crown ministers and public bodies — folded into the section list below.

What it requires

Regulations creating concrete business duties or carrying penalties, grouped as the instrument is structured. Titles link to the source text — blue means you’re leaving for legislation.gov.uk.

s.005 Dealing in investments as principal: review of designations (opens in a new tab) Regulated
Other duties (1) — Crown / regulator
  • PRA must review investment principal designationsStatutory regulator
s.009 Statement of policy: procedure (opens in a new tab) Regulated
Other duties (1) — Crown / regulator
  • PRA must consult and publish draft before issuing policy statementsStatutory regulator
9 other provisions — procedural and definitional
s.001 Citation, commencement and interpretation (opens in a new tab)
s.002 Regulated activities which are PRA-regulated activities (opens in a new tab)
s.003 Dealing in investments as principal: designation by the PRA (opens in a new tab)
s.004 Dealing in investments as principal: exercise of power to designate (opens in a new tab)
s.006 Dealing in investments as principal: withdrawal of designation (opens in a new tab)
s.007 Dealing in investment as principal: cessation of designation (opens in a new tab)
s.008 Dealing in investments as principal: statement of policy (opens in a new tab)
s.010 Transitional provisions where an authorised person becomes a PRA-authorised person (opens in a new tab)
s.011 Transitional provisions where a person ceases to be a PRA-authorised person (opens in a new tab)

Help complying

Guvnor’s practical routes through this instrument.

Address an FCA threshold-conditions concern

What to do when FCA supervision has raised a concern that your firm no longer satisfies the threshold conditions. Covers diagnosing the …

Get FCA authorised: from perimeter check to Connect submission

A six-phase learning path for first-time applicants. Walks you from establishing whether you need authorisation, through choosing your route, building governance foundations, …
5 more guides that reference this instrument
Apply for FCA authorisation under Part 4A FSMA Cyber security for financial services firms FCA authorisation application readiness checklist Insurer authorisation and prudential rules Which insurance and pension funding rules apply to your business

Duty extraction and severity labels are Guvnor’s analysis of the instrument, not the instrument itself. Always verify against the linked source text.