ICAEW Designated Professional Body (Investment Business) Handbook, effective 1 June 2023

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ICAEW Designated Professional Body (Investment Business) Handbook, effective 1 June 2023

The Financial Services and Markets Act 2000 (the Act) provides for the designation of certain professional bodies. This enables them to provide arrangements through which firms may take advantage of an exemption from the general prohibition on carrying on activities that are regulated under the Act, thus dispensing with the need for authorisation from the FCA. Such authorisation would otherwise be necessary when firms supply professional services to clients and in providing those services are involved in carrying on regulated activities.

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title: ICAEW Designated Professional Body (Investment Business) Handbook, effective 1 June 2023

creator: ICAEW

description: The Financial Services and Markets Act 2000 (the Act) provides for the designation of certain professional bodies. This enables them to provide arrangements through which firms may take advantage of an exemption from the general prohibition on carrying on activities that are regulated under the Act, thus dispensing with the need for authorisation from the FCA. Such authorisation would otherwise be necessary when firms supply professional services to clients and in providing those services are involved in carrying on regulated activities.

publisher: ICAEW

date: 2023-04-27

type: text

type: Regulations

format: PDF

language: en

relation: Regulations and Standards

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