The Financial Services and Markets Act 2000 (Designated Professional Bodies) (Amendment) Order 2006

Statutory Instruments

2006 No. 58

FINANCIAL SERVICES AND MARKETS

The Financial Services and Markets Act 2000 (Designated Professional Bodies) (Amendment) Order 2006

Made

16th January 2006

Laid before Parliament

17th January 2006

Coming into force

10th February 2006

The Treasury, in exercise of the powers conferred on them by section 326 of the Financial Services and Markets Act 2000(1), make the following Order:

Citation and commencement

1.  This Order may be cited as the Financial Services and Markets Act 2000 (Designated Professional Bodies) (Amendment) Order 2006 and comes into force on 10th February 2006.

Amendment of the Financial Services and Markets Act 2000 (Designated Professional Bodies) Order 2001

2.—(1) Article 2 of the Financial Services and Markets Act 2000 (Designated Professional Bodies) Order 2001(2) is amended as follows.

(2) After paragraph (i) insert—

• “;

  (j)

  the Royal Institution of Chartered Surveyors”.

Dave Watts

Joan Ryan

Two of the Lords Commissioners of her Majesty’s Treasury

16th January 2006

Explanatory Note

(This note is not part of the Order)

This Order makes the Royal Institution of Chartered Surveyors a designated professional body for the purposes of Part 20 of the Financial Services and Markets Act 2000 (c. 8) (“the Act”). This enables members of the Institution (subject to other conditions set out in section 327 of the Act) to be exempt from the requirement to obtain permission from the Financial Services Authority in order to carry out certain regulated activities (as provided for in accordance with section 22 of the Act).

(1)

2000 c. 8.

(2)

S.I. 2001/1226; article 2 was amended by S.I. 2004/3352.