Regulated Activities Order

On September 19, the UK’s House of Commons Treasury Committee (Treasury Committee) published a report on its inquiry into crypto-assets, launched in February 2018. The report is an update of what was provided on its website in May 2018 (for further details, see the May 25, 2018 edition of Corporate & Financial Weekly Digest).

Key findings and conclusions in the Treasury Committee’s report include the following:
Continue Reading UK Treasury Committee Calls for Regulation of Crypto-Assets

On May 17, 2016, the UK Court of Appeal issued a ruling (the Decision) in the case of Personal Touch Financial Services v Simplysure, which significantly broadens the meaning of “arranging deals” and also by consequence, the scope of regulated activities in the United Kingdom.

In its Decision, the Court of Appeal analysed the regulated activity of “arranging deals in investments” under Article 25 of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 (the RAO).
Continue Reading UK Court of Appeal Decision: Certain Administrative Activities Conducted in the UK