Financial Services — SQE1 FLK1 Legal Services

Arranging a client's buildings insurance is ordinary conveyancing, and keeping the introduction fee quietly turns it into a criminal offence.
Practise this topic with exam-style questions: sqe1prep.co.uk/sqe1/legal-services?utm_source=…
In this episode:
• A regulated activity needs a specified activity, investment and business
• Advice must be on a particular investment; generic advice is not regulated
• All four conditions of the exemption must hold, or none does
• Unaccounted commission destroys the exemption and makes the work criminal
• Article 67 covers mortgage formalities but never insurance distribution
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