Regulation 7 The Financial Services and Markets Act 2000 (Exemption) Order 2001I1

United Kingdom

(1)

The Financial Services and Markets Act 2000 (Exemption) Order 2001 M1 is amended as follows.

(2)

In article 2, omit the definition of “credit institution”M2 and insert in the appropriate place—

““qualifying credit institution” has the meaning given by article 3 of the Regulated Activities Order M3;”

(3)

In the Schedule in paragraph 40(3) M4, for “credit institution” substitute “ qualifying credit institution ”.

Annotations

M1: S.I. 2001/1201.
M2: The definition of “credit institution” was inserted by S.I. 2007/125.
M3: S.I. 2001/544, as amended by the Financial Services and Markets Act 2000 (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/632).
M4: Sub-paragraph (3) was inserted by S.I. 2007/125. There are amendments to this sub-paragraph but none is relevant.

I1: Reg. 7 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(4)