# The Financial Services and Markets Act 2000 (Controllers) (Exemption) Order 2001, Note: Explanatory note


(This note is not part of the Order)
This Order exempts certain persons from the obligation to notify the Financial Services Authority of a change in control in relation to certain friendly societies. Those who acquire, increase or reduce control or acquire, increase or reduce an additional kind of control over a friendly society to which the single market directives (within the meaning of Schedule 3 to the Financial Services and Markets Act 2000) do not apply are exempt from the obligation to notify.

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Source: https://www.legislation.gov.uk/uksi/2001/2638/note (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000-controllers-exemption-order-2001/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.