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P0 Unit 8 section 4.3

Discussion in 'Practice modules' started by Jimbo, Nov 6, 2013.

  1. Jimbo

    Jimbo Member

    "A person is not regarded as carrying on a regulated activity unless he carries on the business of engaging in that activity"

    Can anybody put this into plain English!? I have no idea what it means.

    Many thanks in advance!
     
    Jimbo, Nov 6, 2013
    #1
  2. Calum

    Calum Member

    If one has a banking licence, but does no banking , then one is not subject to the banking regulations. I think.
     
    Calum, Nov 6, 2013
    #2

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