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Explanatory note

Original text. Later amendments are not shown.

(This note is not part of the Order)

Article 2 of the Order exempts the persons mentioned in it from the requirement to obtain authorisation under the Financial Services Act 1986 in order to carry on the business of engaging in the activities mentioned in that article. Article 3 of the Order exempts the European Bank for Reconstruction and Development from the requirement to obtain authorisation under the Financial Services Act 1986.