Introductory text

Draft Order laid before Parliament under section 429(3) and (4) of and paragraph 26 of Schedule 2 to the Financial Services and Markets Act 2000 and section 116(1) and (2)(c) of the Financial Services Act 2012, for approval by resolution of each House of Parliament.

Financial Services And Markets

Made ***

Coming into force in accordance with article 1

The Treasury make the following Order in exercise of the powers conferred by sections 21(9) and (15), 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”) and, having had regard to the matters in section 107(7) of the Financial Services Act 2012^f2, sections 107(6), and (8) and 115(2) of that Act, and section 37 of the Financial Services Act 2021^f3.

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 given in section 22 of the Act) will become a regulated activity.

In accordance with section 429(3) and (4) of and paragraph 26(1) and (2) of Schedule 2^f4 to the Act and section 116(1) and (2)(c) of the Financial Services Act 2012 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 was amended by section 66 of the Financial Services and Markets Act 2023 (c.29).
f2: 2012 c.21.
f3: 2021 c.22.
f4: Paragraph 26 of Schedule 2 was amended by section 8 of the Financial Services Act 2012.