2014 No. 1740
The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) (No. 3) Order 2014
Made
Laid before Parliament
Coming into force
The Treasury make the following Order in exercise of the powers conferred by section 22(1) and (5) of, and paragraph 25 of Schedule 2 to, the Financial Services and Markets Act 20001:
Citation and commencement1
1
This Order may be cited as the Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) (No. 3) Order 2014.
2
This Order comes into force on 28th July 2014.
The Financial Services and Markets Act 2000 (Regulated Activities) Order 20012
In article 60E (exempt agreements: exemptions relating to the nature of the lender) of the Financial Services and Markets Act 2000 (Regulated Activities) Order 20012—
a
in paragraph (7), in the definition of “housing authority”, in paragraph (a), after “the Welsh Ministers”, insert “, a company which is a wholly-owned subsidiary of the Welsh Ministers,”;
b
after paragraph (7), insert—
7A
In paragraph (7), in the definition of “housing authority”, in paragraph (a), “wholly-owned subsidiary” has the same meaning as in section 1159 (meaning of “subsidiary” etc.) of the Companies Act 20063.
7B
For the purpose of paragraph (7A), the Welsh Ministers are to be treated as a body corporate.
(This note is not part of the Order)