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Statutory Document No. 367/08

FINANCIAL SERVICES ACT 2008

REGULATED ACTIVITIES ORDER 2008

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Approved by Tynwald 17 July 2008
Coming into operation 1st August 2008

In exercise of the powers conferred on the Treasury by section 3 of the Financial
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Services Act 2008 , and of all other enabling powers, and after carrying out the
consultations required by section 44(7) of that Act, the following Order is hereby
made:—

1. Citation and commencement

This Order may be cited as the Regulated Activities Order 2008 and shall
come into operation on 1st August 2008.

2. Regulated activities

(1) Subject to paragraph (2), any activity of a class specified as a regulated
activity in Schedule 1 is a regulated activity for the purpose of the Act.
(2) Where an activity of a class referred to in paragraph (1) is carried on in
circumstances specified in that Schedule as an exclusion in relation to that class, that
activity shall not be treated as a regulated activity for the purpose of the Act by reason
only that it falls within that class.

3. Interpretation
(1) Subject to paragraph (2), Schedule 2 shall have effect for the
interpretation of this Order.
(2) Any provision in Schedule 1 for the interpretation of any expression
(marked * in that Schedule) in relation to a class referred to in article 2(1) or an
exclusion referred to in article 2(2) shall have effect for the construction of that
expression in relation to that class or exclusion.

4. Definitions of financial services activities

The expressions used in paragraphs (a) to (f) of section 3(2) of the Act have
the meanings specified in relation to them in Schedule 3.

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2008 c.8
Price £2.50 Price Band C
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