{
  "url": "https://openlegislation.uk/financial-services-and-markets-act-2000-exemption-order-2001/schedule/paragraph-16",
  "json_url": "https://openlegislation.uk/financial-services-and-markets-act-2000-exemption-order-2001/schedule/paragraph-16.json",
  "legislation": "uksi/2001/1201",
  "legislation_title": "The Financial Services and Markets Act 2000 (Exemption) Order 2001",
  "legislation_url": "https://openlegislation.uk/financial-services-and-markets-act-2000-exemption-order-2001",
  "path": "schedule/paragraph/16",
  "kind": "paragraph",
  "number": "16",
  "heading": null,
  "text": "A municipal bank, that is to say a company which was, immediately before the coming into force of this Order, exempted from the prohibition in section 3 of the Banking Act 1987 by virtue of section 4(1) of, and paragraph 4 of Schedule 2 to, that Act.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "M",
      "label": "M1",
      "text": "1987 c. 22; section 3 was amended by paragraph 3 of Schedule 5 to the Bank of England Act 1998 (c. 11). “Municipal bank\" was defined in section 103 of the Banking Act 1987, which was amended by paragraph 22 of Schedule 3 to the Local Government Act 1992 (c. 19) and by paragraph 21 of Schedule 3 to the Local Government and Rating Act 1997 (c. 29)."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2001/1201/schedule/paragraph/16",
    "retrieved_at": "2026-10-29T07:52:59.786691+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}