# The Financial Services and Markets Act 2000 (Exemption) (Amendment) Order 2025

S.I. 2025/250 · made 3 March 2025

This Order amends the Financial Services and Markets Act 2000 (Exemption) Order 2001 (S.I. 2001/1201) (“the Exemption Order”).

Made under: Financial Services and Markets Act 2000 (Section 38)

PDFs: Printed copy https://openlegislation.uk/financial-services-and-markets-act-2000-exemption-amendment-order-2025/pdf/uksi_20250250_en.pdf; UK Explanatory Memorandum https://openlegislation.uk/financial-services-and-markets-act-2000-exemption-amendment-order-2025/pdf/uksiem_20250250_en_001.pdf

## Introductory text

FINANCIAL SERVICES AND MARKETS
Made 3rd March 2025
Laid before Parliament 5th March 2025
Coming into force 31st March 2025
The Treasury make this Order in exercise of the powers conferred by section 38 of the Financial Services and Markets Act 2000.

## 1 Citation, commencement and extent

(1) This Order may be cited as the Financial Services and Markets Act 2000 (Exemption) (Amendment) Order 2025.
(2) This Order comes into force on 31st March 2025.
(3) This Order extends to England and Wales, Scotland, and Northern Ireland.

## 2 Amendment of the Financial Services and Markets Act 2000 (Exemption) Order 2001

(1) The Financial Services and Markets Act 2000 (Exemption) Order 2001 is amended as follows.
(2) After article 3 insert—
“Persons exempt in respect of any regulated activity
3A Each of the persons listed in Part 1A of the Schedule is exempt from the general prohibition in respect of any regulated activity.”.
(3) In Part I of the Schedule (persons exempt in respect of any regulated activity other than insurance business), omit paragraph 15D.
(4) After Part I of the Schedule, insert—
“Part 1A
PERSONS EXEMPT IN RESPECT OF ANY REGULATED ACTIVITY
15E National Wealth Fund Limited.”.

## Signature

Vicky Foxcroft
Jeff Smith
Two of the Lords Commissioners of His Majesty's Treasury
3rd March 2025

## 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 Exemption Order”).
The Exemption 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 without being an authorised person or an exempt person.
This Order broadens the scope of the existing exemption for National Wealth Fund Limited by amending the Exemption Order to:
(a) insert a new article 3A, which provides an exemption from the general prohibition in respect of any regulated activity;
(b) insert a new Part 1A of the Schedule, which lists persons exempt under article 3A;
(c) remove National Wealth Fund Limited from Part I of the Schedule and add it to the list of persons in Part 1A of the Schedule.
An impact assessment has not been produced for this instrument as no, or no significant, impact on the private, voluntary or public sector is foreseen.

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Source: https://www.legislation.gov.uk/uksi/2025/250 (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000-exemption-amendment-order-2025
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.