Article 2 The Financial Services and Markets Act 2000 (Regulated Activities) Order 2001

in paragraph (7), in the definition of “housing authority”, in paragraph (a), after “the Welsh Ministers”, insert “, a company which is a wholly-owned subsidiary of the Welsh Ministers,”;

after paragraph (7), insert—

“(7A)

In paragraph (7), in the definition of “housing authority”, in paragraph (a), “wholly-owned subsidiary” has the same meaning as in section 1159 (meaning of “subsidiary” etc.) of the Companies Act 2006^f2.

(7B)

For the purpose of paragraph (7A), the Welsh Ministers are to be treated as a body corporate.”.