# Financial Services and Markets Act 2000, Section 38: Exemption orders.

Extent: E+W+S+N.I.

(1) The Treasury may by order (“an exemption order”) provide for—
(a) specified persons, or
(b) persons falling within a specified class,
to be exempt from the general prohibition.
(2) But a person cannot be an exempt person as a result of an exemption order if he has a Part 4A permission.
(3) An exemption order may provide for an exemption to have effect—
(a) in respect of all regulated activities;
(b) in respect of one or more specified regulated activities;
(c) only in specified circumstances;
(d) only in relation to specified functions;
(e) subject to conditions.
(4) “Specified” means specified by the exemption order.

---
Source: https://www.legislation.gov.uk/ukpga/2000/8/section/38 (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000/section-38
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.