Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Activity definition

What does Activity mean? In radiation and environmental practice, activity has two related uses. 1) Scientific measure: the rate at which a radionuclide decays per unit time. It is defined in radiation protection legislation and standards, with the SI unit Becquerel (Bq). The Curie (Ci) may appear in legacy or supplier documentation. Activity (and activity concentration) determines whether exemption, clearance and authorisation thresholds are met, and underpins discharge limits and inventory caps across the UK and Ireland. 2) Regulated practice: a practice or operation involving radioactive material or radiation generators that may require prior regulatory authorisation. Depending on jurisdiction and risk, this may take the form...

UK regime for issuing electronic money: RAO Article 9B, EMRs 2011 authorisation, Part 4A permissions, transitional provisions, exemptions and offences

Published by a LexisNexis Financial Services expert

Practice notes

Background to the regulated activity of issuing electronic money

Under section 19 of the Financial Services and Markets Act 2000 (fsma 2000), no one may perform regulated activities in the UK unless that person is authorised or enjoys an exemption. This rule is referred to as the general prohibition. For further detail on the general prohibition and how it applies territorially, see Practice Notes: The general prohibition and implications of its breach, and Territorial scope of the general prohibition.

'Regulated activities' covers specified activities undertaken by way of business that concern 'specified investments' or any form of property to which the relevant activity relates. For these purposes, 'specified' means identified by HM Treasury. The Financial Services and Markets Act 2000 (Regulated Activities) Order 2001, SI 2001/544 (RAO) lists numerous activities and investments that are so specified. For more on what amounts to regulated activities, see Practice Note: What are regulated activities? For guidance on the meaning of 'by way of business' in the insurance context, see Practice Note: What does 'by way of business' mean?...

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Web page updated on 22/05/2026

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