Template:Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 Article 5
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Actual Text of the RAO (as of 7/23) | JC’s Nutshell™ version |
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Accepting deposits 5.— (1) Accepting deposits is a specified kind of activity if—
(2) In paragraph (1), “deposit" means a sum of money, other than one excluded by any of articles 6 to 9A,[1] paid on terms—
(3) For the purposes of paragraph (2), money is paid on terms which are referable to the provision of property or services or the giving of security if, and only if—
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Accepting deposits 5(1) Regulated Activity: Accepting deposits is a regulated if—
5(2) Meaning of “deposit”: A “deposit” is a payment, not excluded by any of articles 6 to 9A[2] which:
5(3) Meaning of “in return for goods and services or as security”: a payment in return for goods and services or as security means one made:
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