The Treasury may by order make provision—
as to the circumstances in which a person who would otherwise not be regarded as carrying on a regulated activity by way of business is to be regarded as doing so;
as to the circumstances in which a person who would otherwise be regarded as carrying on a regulated activity by way of business is to be regarded as not doing so.
An order under subsection (1) may be made so as to apply—
generally in relation to all regulated activities;
in relation to a specified category of regulated activity; or
in relation to a particular regulated activity.
An order under subsection (1) may be made so as to apply—
for the purposes of all provisions;
for a specified group of provisions; or
for a specified provision.
"Provision" means a provision of, or made under, this Act.
Nothing in this section is to be read as affecting the provisions of section 428(3).