# The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001, Article 501: Interpretation of the 1995 Regulations

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

(1) Regulation 2 of the Public Offers of Securities Regulations 1995 (interpretation) is amended as follows.
(2) In paragraph (1) of that regulation—
(a) in the definition of “the Act” for “Financial Services Act 1986” substitute “Financial Services and Markets Act 2000”;
(b) in the definition of “body corporate” for “section 207(1)” substitute “section 417(1)”;
(c) in the definition of “convertible securities” for sub-paragraphs (i) and (ii) substitute—
“(i) instruments creating or acknowledging indebtedness of a kind which can be converted into or exchanged for, or which confer rights to acquire, securities;
(ii) instruments giving entitlements to securities; or
(iii) certificates representing securities;”;
(d) for the definition of “credit institution” substitute—
““credit institution” means a credit institution as defined in Article 1 of Directive 2000/12/EC of the European Parliament and of the Council;”;
(e) in the definition of “director” for “section 207(1)” substitute “section 417(1)”;
(f) the definition of “ecu” is revoked;
(g) the definition of “European institution” is revoked;
(h) for the definition of “financial institution” substitute—
““financial institution” means a financial institution as defined in Article 1 of the Directive 2000/12/EC of the European Parliament and of the Council;”;
(i) for the definition of “group” substitute—
““group”, in relation to a body corporate (“A”) means A and any other body corporate which is—
(i) a subsidiary of A,
(ii) a holding company of A, or
(iii) a subsidiary of such a holding company;”;
(j) the definition of “home-regulated investment business” is revoked; and
(k) in the definition of “recognised investment exchange” for “section 207(1)” substitute “section 285”.
(3) After paragraph (1) of that regulation insert—
“(1A) Paragraphs (i), (ii) and (iii) of the definition of “convertible securities” in paragraph (1) above, together with regulations 3(2) and (5), 7(2)(f),(n), 8(4) and (5), and 9(4) must be read with—
(a) section 22 of the Financial Services and Markets Act 2000;
(b) any relevant order under that section; and
(c) Schedule 2 to that Act.”.

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Source: https://www.legislation.gov.uk/uksi/2001/3649/article/501 (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000-consequential-amendments-and-repeals-order-2001/article-501
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.