# The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001, Article 12: Limitations on exemptions for small and medium-sized groups

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

In subsection (2) of section 248 of the Act (exemption for small and medium-sized groups), 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/12 (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000-consequential-amendments-and-repeals-order-2001/article-12
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.