The Financial Services and Markets Act 2000 (Exemption) (Amendment) Order 2021 in Wales
S.I. 2021/1127 · Made 8 October 2021
Financial Services And Markets
Made 8th October 2021
Laid before Parliament 11th October 2021
Coming into force 1st November 2021
The Treasury make the following Order in exercise of the powers conferred by section 38 of the Financial Services and Markets Act 2000f1.
Annotations to the whole text
Footnotes
- f1
Contents
- 1Citation and commencement
- 2Amendment of the Financial Services and Markets Act 2000 (Exemption) Order 2001
- Signature
- Explanatory note
1Citation and commencement
This Order may be cited as the Financial Services and Markets Act 2000 (Exemption) (Amendment) Order 2021 and comes into force on 1st November.
2Amendment of the Financial Services and Markets Act 2000 (Exemption) Order 2001
The Financial Services and Markets Act 2000 (Exemption) Order 2001f1 is amended as follows.
In Part 1 of the Schedule (persons exempt in respect of any regulated activity other than insurance business), after paragraph 15C, insert—
“15DUK Infrastructure Bank Limited.”.
Signature
Rebecca Harris
Michael Tomlinson
Two of the Lords Commissioners of Her Majesty’s Treasury
8th October 2021
Explanatory note
(This note is not part of the Order)
This Order amends the Financial Services and Markets Act 2000 (Exemption) Order 2001 (S.I. 2001/1201) (“the Principal Order”).
The Principal Order exempts certain persons from the general prohibition set out in section 19 of the Financial Services and Markets Act 2000 (c.8), which provides that no person may carry on a regulated activity within the UK unless that person is either authorised or exempt.
This Order amends the Principal Order by adding UK Infrastructure Bank Limited to the list of persons in Part 1 of the Schedule who are exempt in respect of any regulated activity other than insurance business.
An impact assessment has not been produced for this instrument as no, or no significant, impact on business or the voluntary sector is foreseen.