# The Financial Services and Markets Act 2000 (Amendment) (EU Exit) Regulations 2019, Regulation 177: The Financial Services and Markets Act 2000 (Exemption) Order 2001


(1) The Financial Services and Markets Act 2000 (Exemption) Order 2001 is amended as follows.
(2) In Part 1 of the Schedule (persons exempt in respect of any regulated activity other than insurance business) omit paragraphs 2 to 6.
(3) In Part 4 of the Schedule (persons exempt in respect of particular regulated activities), in paragraph 48 (social housing)—
(a) in sub-paragraph (1A)(b)(i), for “the mortgages directive does not apply by virtue of Article 3(2) of that directive” substitute “section 423A(3) of the Act applies”;
(b) in sub-paragraph (4), in the definition of “bridging loan”, for “Article 4(23) of the mortgages directive” substitute “article 60G(9) of the Regulated Activities Order”.

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Source: https://www.legislation.gov.uk/ukdsi/2019/9780111179970/regulation/177 (the official version)
Page: https://openlegislation.uk/draft-financial-services-and-markets-act-2000-amendment-eu-exit-regulations-2019/regulation-177
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.