United Kingdom Definitions

Under UK law, Investment Professionals are the following: (a) an authorised person; (b) an exempt person; (c) any other person whose ordinary activities involve him in carrying on certain UK controlled activities for the purposes of a business carried on by him or her who it is reasonable to expect will carry on that activity for the purposes of a business carried on by him/her; (d) a government, a local authority or an international organisation; (e) a person who is a director, officer or employee of another person in any of the categories of (a) to (d) where they are operating in their capacity as such in relation to a controlled activity.

Authorised Person

Exempt Person

Controlled Activities

1. dealing in securities and contractually based investments as principal or agent (see link for definitions: dealing in investments as agent, dealing in investments as principal)

2. arranging (bringing about) deals in investments (see link for definition: arranging (bringing about) deals in investments)

3. making arrangements with a view to transactions in investments (see link for definition: making arrangements with a view to transactions in investments)

4. managing investments (see for definition: managing investments)

5. safeguarding and administering investments (see link for definition: safeguarding and administering investments)

6. advising on investments (see link for definition: advising on investments)