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