{
  "url": "https://openlegislation.uk/financial-services-and-markets-act-2000-regulated-activities-providing-targeted-support-amendment-order-2026/note",
  "json_url": "https://openlegislation.uk/financial-services-and-markets-act-2000-regulated-activities-providing-targeted-support-amendment-order-2026/note.json",
  "legislation": "uksi/2026/74",
  "legislation_title": "The Financial Services and Markets Act 2000 (Regulated Activities) (Providing Targeted Support) (Amendment) Order 2026",
  "legislation_url": "https://openlegislation.uk/financial-services-and-markets-act-2000-regulated-activities-providing-targeted-support-amendment-order-2026",
  "path": "note",
  "kind": "note",
  "number": null,
  "heading": "Explanatory note",
  "text": "(This note is not part of the Order)\nThis Order amends the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 (S.I. 2001/544) (“the Regulated Activities Order”). The Regulated Activities Order specifies kinds of activities and investments for the purposes of the Financial Services and Markets Act 2000 (c. 8).\nArticle 2 of this Order inserts a new article 55A into the Regulated Activities Order which provides that providing targeted support is a specified kind of activity. Article 55A(2) provides that, where a person is providing targeted support, they are not advising on investments within article 53 of the Regulated Activities Order. Article 55A(3) states that a person provides targeted support where they use information about an individual to place that individual within a group of individuals who share similar characteristics or circumstances, and make a recommendation to the individual on the basis of that group. The recommendation is presented as suitable for the individual on that basis, but is not based on a comprehensive consideration of the individual’s personal characteristics or circumstances and is not specific to that individual.\nArticle 55A(4) specifies the information that the person making the recommendation must provide to the individual. Article 55A(5) requires this information to be provided at the same time as the recommendation is made.\nArticle 3 of, and the Schedule to, this Order make consequential amendments to the Regulated Activities Order and to other enactments to ensure that the activity of providing targeted support is treated consistently across the financial services regulatory framework and in other relevant legislation.\nNo impact assessment has been published in respect of this Order because no impact, or no significant impact, on the private, voluntary or public sector is foreseen.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2026/74/note",
    "retrieved_at": "2026-10-28T21:06:54.473468+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."
}