# The Financial Services and Markets Act 2000 (Regulated Activities) (ESG Ratings) Order 2025, Article 12: Exemption from the Act


(1) Subject to paragraph (2), a person to whom this article applies is to be treated as an exempt person.
(2) If a person to whom this article applies is already an authorised person, they are to be treated as exempt from the application of section 20 (authorised persons acting without permission) of the Act.
(3) An exemption under this article has effect only in respect of regulated activities as set out in article 13.

---
Source: https://www.legislation.gov.uk/ukdsi/2025/9780348275995/article/12 (the official version)
Page: https://openlegislation.uk/draft-financial-services-and-markets-act-2000-regulated-activities-esg-ratings-order-2025/article-12
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.