The Financial Services Act 1986 (Miscellaneous Exemptions) Order 1995

Statutory Instruments

1995 No. 202

FINANCIAL SERVICES

The Financial Services Act 1986 (Miscellaneous Exemptions) Order 1995

Made

30th January 1995

Laid before Parliament

31st January 1995

Coming into force

22nd February 1995

The Treasury, in exercise of the powers conferred by section 46 of the Financial Services Act 1986(1) and now vested in them(2), and of all other powers enabling them in that behalf, hereby make the following Order—

1.  This Order may be cited as the Financial Services Act 1986 (Miscellaneous Exemptions) Order 1995 and shall come into force on 22nd February 1995.

2.  The Church of Ireland Trustees, a company limited by guarantee, shall be an exempted person.

3.  The Commonwealth Development Corporation shall be an exempted person when acting in exercise of its powers under the Commonwealth Development Act 1978(3).

Andrew Mitchell

Derek Conway

Two of the Lords Commissioners of Her Majesty’s Treasury

30th January 1995

Explanatory Note

(This note is not part of the Order)

This Order provides for certain exemptions from the provisions of the Financial Services Act 1986 additional to those specified in Chapter IV of Part I of that Act. The persons specified are exempted to the extent specified in the Order from the requirement to obtain authorisation under the Act in respect of any investment business they carry on.

(1)

1986 c. 60.

(2)

See the Transfer of Functions (Financial Services) Order 1992 (SI 1992/1315).

(3)

1978 c. 2.