Introductory text

Draft Order laid before Parliament under section 429(1), (3), (4)(d) and (e), (7A) and (7B) of, and paragraph 26(2) of Schedule 2 to, the Financial Services and Markets Act 2000, for approval by resolution of each House of Parliament.

Financial Services And Markets

Made ***

Coming into force in accordance with article 1(2) and (3)

The Treasury make the following Order in exercise of the powers conferred by sections 21(5), (6), (10B) and (12A)^f1, 22(1B)^f2, 419A(4), 419B^f3 and 428(3) of, and paragraph 25 of Schedule 2 to, the Financial Services and Markets Act 2000^f4 (“the 2000 Act”).

In the opinion of the Treasury, one of the effects of the following Order is that an activity which is not a regulated activity (within the meaning of the 2000 Act) will become a regulated activity.

In accordance with section 429(1), (3), (4) (d) and (e), (7A) and (7B)^f5 of, and paragraph 26(2) of Schedule 2 to, the 2000 Act, a draft of this Order has been laid before and approved by a resolution of each House of Parliament.

Annotations

Footnotes

f1: Subsections (10B) and (12A) of section 21 was inserted by section 27(3) of the Financial Guidance and Claims Act 2018 (c. 10) (“the 2018 Act”). See subsection (15) for the meaning of “specified”.
f2: Subsection (1B) of section 22 was inserted by section 27(4) of the 2018 Act c. 10. See subsection (5) for the meaning of “specified”.
f3: Sections 419A and 419B were inserted by section 27(11) of the 2018 Act.
f4: 2000 c. 8.
f5: In section 429, subsection (4)(e) was amended, and subsections (7A) and (7B) were inserted, by section 27(12) of the 2018 Act.