# The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001, Article 11: Limitations on exemptions for small and medium-sized companies in relation to accounts etc.

Extent: E+W+S+N.I.

(1) Section 247A of the 1985 Act (limitations on exemptions for small and medium-sized companies in relation to accounts etc.) is amended as follows.
(2) In subsection (1), for paragraph (a) substitute—
“(a) the company is, or was at any time within the financial year to which the accounts relate—
(i) a public company,
(ii) a person who has permission under Part 4 of the Financial Services and Markets Act 2000 to carry on one or more regulated activities, or
(iii) a person who carries on insurance market activity;”.
(3) In subsection (2), for paragraphs (b) to (d) substitute—
“(b) a person who has permission under Part 4 of the Financial Services and Markets Act 2000 to carry on a regulated activity, or
(c) a person who carries on an insurance market activity.”.

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Source: https://www.legislation.gov.uk/uksi/2001/3649/article/11 (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000-consequential-amendments-and-repeals-order-2001/article-11
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.