Article 23 - Regulated Activities

(1) Subject to any Rules, an activity is a Regulated Activity for the purposes of the QFC Law and these Regulations if it:
(A) falls within one or more of the categories of Specified Activities set out in Part 2 of Schedule 3 applying (to the extent stated in Part 2 of Schedule 3) to one or more Specified Products; and
(B) is carried on by way of business as described in Article 25.
(2) A Permitted Activity is also a Regulated Activity for the purposes of the QFC Law and these Regulations if it is declared to be a regulated activity by or under any Rules.
(3) However, subject to any Rules, an activity is not a Regulated Activity for the purposes of the QFC Law or these Regulations if it falls within 1 or more of the exemptions in Part 1 of Schedule 3.
Amended by QFC Reg 2010-2 (as from 9th December 2010)