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

Interpretation

2.  In this Order—

“the Act” means the Financial Services and Markets Act 2000;

“charity”—

(a)

in relation to Scotland, means a recognised body within the meaning of section 1(7) of the Law Reform (Miscellaneous Provisions) (Scotland) Act 1990(1); and

(b)

otherwise, has the meaning given by section 96(1) of the Charities Act 1993(2) or by section 35 of the Charities Act (Northern Ireland) 1964(3);

“deposit” has the meaning given by the Regulated Activities Order;

“industrial and provident society” has the meaning given by section 417(1) of the Act but does not include a credit union within the meaning of the Credit Unions Act 1979(4) or the Credit Unions (Northern Ireland) Order 1985(5);

“local authority” means—

(a)

in England and Wales, a local authority within the meaning of the Local Government Act 1972(6), the Greater London Authority, the Common Council of the City of London or the Council of the Isles of Scilly;

(b)

in Scotland, a local authority within the meaning of the Local Government (Scotland) Act 1973(7); and

(c)

in Northern Ireland, a district council within the meaning of the Local Government Act (Northern Ireland) 1972(8);

“the Regulated Activities Order” means the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001(9).

(1)

1990 c. 40.

(2)

1993 c. 10.

(3)

1964 c. 33 (N.I.).

(4)

1979 c. 34; amended by the Deregulation (Credit Unions) Order 1996 (S.I. 1996/1189).

(5)

S.I. 1985/1205 (N.I. 12); relevant amendments are made by paragraphs 28 and 29 of Schedule 21 to the Friendly Societies Act 1992 (c. 40), and by S.I. 1997/2984 (N.I. 22).

(6)

1972 c. 70; the definition of “local authority” in section 270 has been repealed in part by Schedule 17 to the Local Government Act 1985 (c. 51), and amended by section 1(5) of the Local Government (Wales) Act 1994 (c. 19).

(7)

1973 c. 65; the definition of “local authority” in section 235 was substituted by paragraph 92(66) of Schedule 13 to the Local Government etc. (Scotland) Act 1994 (c. 39).

(8)

1972 c. 9 (N.I.).

(9)

S.I. 2001/544.