# The Financial Services and Markets Act 2000 (Regulated Activities) Order 2001, Article 97: Disapplication of section 49(2) of the Act


In section 49 of the Act (persons connected with an applicant for Part 4 permission), after subsection (2) insert—
“(2A) But subsection (2) does not apply to the extent that the permission relates to—
(a) an insurance mediation activity (within the meaning given by paragraph 2(5) of Schedule 6); or
(b) a regulated activity involving a regulated mortgage contract.”.

---
Source: https://www.legislation.gov.uk/uksi/2001/544/article/97 (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000-regulated-activities-order-2001/article-97
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.