Regulation 177 The Financial Services and Markets Act 2000 (Exemption) Order 2001C1I1
United Kingdom
The Financial Services and Markets Act 2000 (Exemption) Order 2001 M1 is amended as follows.
In Part 1 of the Schedule M2 (persons exempt in respect of any regulated activity other than insurance business) omit paragraphs 2 to 6.
In Part 4 of the Schedule (persons exempt in respect of particular regulated activities), in paragraph 48 (social housing)—
in sub-paragraph (1A)(b)(i), for “the mortgages directive does not apply by virtue of Article 3(2) of that directive” substitute “ section 423A(3) of the Act applies ”;
in sub-paragraph (4), in the definition of “bridging loan”, for “Article 4(23) of the mortgages directive” substitute “ article 60G(9) of the Regulated Activities Order ”.
Annotations
Marginal citations
- M1
- M2
Part 1 was amended by S.I. 2003/47, 2009/118 and 2011/1043.
Modifications
- C1
Pts. 3-6 modified in part (31.12.2020) by The Gibraltar (Miscellaneous Amendments) (EU Exit) Regulations 2019 (S.I. 2019/680), regs. 1(2), 11(1)(4)(5) (with reg. 11(8)-(10)) (as amended by S.I. 2020/1301, regs. 1, 3, Sch. para. 40(f)); 2020 c. 1, Sch. 5 para. 1(1)
Commencement
- I1
Reg. 177 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(3)