An amendment to the Regulated Activities Order takes effect on 13 July. The change makes the activities of reclaim funds in meeting repayment claims and managing dormant account money regulated activities. An amendment to the Financial Services and Markets Act 2000 (Control of Business Transfers) (Requirements on Applicants) Regulations takes effect on the same day to bring reclaim funds within the FSMA transfer of business regime.
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RAO changed for reclaim funds
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