# The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001, Article 51: Apportionment in relation to foreign controlled company: exempt activities

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

(1) Amend paragraph 11 of Schedule 25 (apportionment in relation to foreign controlled company: cases where section 747(3) does not apply) as follows.
(2) In sub-paragraph (1) for paragraph (g) substitute—
“(g) the effecting or carrying out of contracts of insurance; and”.
(3) After sub-paragraph (1) add—
“(1A) For the purposes of sub-paragraph (1)(g) above “contract of insurance” has the meaning given by Article 3(1) of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001.”.

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Source: https://www.legislation.gov.uk/uksi/2001/3629/article/51 (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000-consequential-amendments-taxes-order-2001/article-51
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.