Long-term business

Schedule 1 of FSMA 2000 (Regulated Activities) Order 2001, as amended by the FSMA (Regulated Activities) (Amendment Order) (No 2) Order 2003, lists nine classes of long-term business as regulated activities. I. Life and annuity. II. Marriage and birth. III. Linked long-term. IV. Permanent health. V. Tontines. VI. Capital redemption. VII. Pension fund management. VIII. Collective insurance, etc. IX. Social insurance. There are 18 general insurance business classes listed as regulated activities.

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