# The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001, Article 444: Interpretation of article 12: assets of Libya

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

(1) Paragraph (5) of article 12 of the Libya (United Nations Sanctions) Order 1993 (assets of Libya) is amended as follows.
(2) For sub-paragraph (b) substitute—
“(b) “investment” means any investment of a kind specified by any relevant order under section 22 of the Financial Services and Markets Act 2000 which is not a security.”.
(3) For the definition of “relevant institution” in sub-paragraph (c) substitute—
““relevant institution” means—
(a) a person who has permission under Part 4 of the Financial Services and Markets Act 2000 to accept deposits,
(b) an EEA firm of the kind mentioned in sub-paragraph (b) or (c) of paragraph 5 of Schedule 3 to that Act, which has permission under paragraph 15 of that Schedule (as a result of qualifying for authorisation under paragraph 12 of that Schedule), to accept deposits, or
(c) a person who may accept deposits without contravening the prohibition imposed by section 19 of that Act, by reason of being an exempt person as a result of an order under section 38 of that Act;”.

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Source: https://www.legislation.gov.uk/uksi/2001/3649/article/444 (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000-consequential-amendments-and-repeals-order-2001/article-444
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.