Introductory text

Draft Order laid before Parliament under paragraph 26(1) and (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 2

The Treasury make this Order in exercise of the powers conferred by sections 22(1) and (5) and 428(3) of, and paragraph 25 of Schedule 2 to, the Financial Services and Markets Act 2000^f1 (“the Act”).

In the opinion of the Treasury, one of the effects of this Order is that an activity which is not a regulated activity (within the meaning given in section 22 of the Act^f2) will become a regulated activity.

In accordance with, paragraph 26(1) and (2) of Schedule 2 to the Act^f3, a draft of this Order has been laid before, and approved by a resolution of, each House of Parliament.

Annotations

Footnotes

f1: 2000 c. 8. Paragraph 25 of Schedule 2 was amended by section 8 of the Financial Services Act 2012 (c. 21) and section 27 of the Financial Guidance and Claims Act 2018 (c. 10). Section 428(3) was amended by section 66 of the Financial Services and Markets Act 2023 (c. 29).
f2: Section 22 was amended by section 7 of the Financial Services Act 2012 (c. 21), section 27 of the Financial Guidance and Claims Act 2018 (c. 10), section 69 of the Financial Services and Markets Act 2023 (c. 29), and S.I. 2018/135.
f3: Paragraph 26 of Schedule 2 was substituted by section 8 the Financial Services Act 2012 and amended by section 27 of the Financial Guidance and Claims Act 2018.