• Chapter 17D Chapter 17D Providing Third Party Services

    • The activity

      • 73F. Providing Third Party Services

        (1) Providing Third Party Services is a specified kind of activity.
        (2) Providing Third Party Services is an activity that means the accessing, processing and transfer of Specified Information.
        Amended on (21 March 2021).

      • 73G. Prohibition on Holding Client Assets or Relevant Money

        An Authorised Person that Provides Third Party Services must not hold Client Assets or Relevant Money unless they hold a Financial Services Permission for other Regulated Activities that allows them to hold Client Assets or Relevant Money.

        Amended on (21 March 2021).

    • Exclusions

      • 73H. Connected Services

        An Authorised Person does not Provide Third Party Services if it does so in relation to the carrying on of another Regulated Activity where Providing Third Party Services is in connection with and a necessary part of that other Regulated Activity.

        Amended on (21 March 2021).

      • 73I. Other exclusions

        The following do not constitute Third Party Services —
        (a) payment or securities settlement systems that require the accessing, processing or transfer of Specified Information;
        (b) technical services that access, process or transfer Specified Information without having a relationship with the Person to whom the Specified Information relates; and
        (c) services that access, process or transfer Specified Information that is contained in physical form.
        Amended on (21 March 2021).