What is reserved are financial services, including investment business, banking and deposit-taking, collective investment schemes and insurance.
All matters relating to financial services are reserved, not just those dealt with in the Financial Services Act 1986. The reservation expressly includes:
The expression “financial services” also includes financial services, other than those expressly mentioned, such as the services provided by building societies or friendly societies.
TABLE OF RESERVED MATTERS Head A: Financial and Economic Matters Reservation