No person may carry on a regulated activity in the United Kingdom, or purport to do so, unless he is—
an authorised person; or
an exempt person.
The prohibition is referred to in this Act as the general prohibition.
Section 19: The general prohibition.
Financial Services and Markets Act 2000 · 2000 c. 8View on legislation.gov.uk
Part II: Regulated And Prohibited Activities
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Reuse reviewed 21 August 2026 under Open Government Licence v3.0.