Interpretation U.K.

2.  In this Order—

• “the Act" means the Financial Services and Markets Act 2000;

• “charity"—

  (a)

  in relation to Scotland, means a [F1 body entered in the Scottish Charity Register]; and

  (b)

  otherwise, has the meaning given by section 96(1) of the Charities Act 1993 M1 or by section 35 of the Charities Act (Northern Ireland) 1964 M2 ;

• F2 ...

• “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 M3 or the Credit Unions (Northern Ireland) Order 1985 M4 ;

• [F3 “investment firm” has the meaning given by the Regulated Activities Order;]

• “local authority" means—

  (a)

  in England and Wales, a local authority within the meaning of the Local Government Act 1972 M5 , 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 M6 ; and

  (c)

  in Northern Ireland, a district council within the meaning of the Local Government Act (Northern Ireland) 1972 M7 ;

• [F4 “non-qualifying contract of insurance” means a contract of insurance (within the meaning of the Regulated Activities Order) which is not a qualifying contract of insurance (within the meaning of that Order);]

• [F5 “qualifying credit institution” has the meaning given by article 3 of the Regulated Activities Order;]

• “the Regulated Activities Order" means the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 M8 .

Textual Amendments

F1 Words in art. 2 substituted (1.4.2006) by The Charities and Trustee Investment (Scotland) Act 2005 (Consequential Provisions and Modifications) Order 2006 (S.I. 2006/242), art. 1(3), Sch. para. 11

F2 Words in art. 2 omitted (31.12.2020) by virtue of The Financial Services (Miscellaneous) (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/710), regs. 1(3), 7(2); 2020 c. 1, Sch. 5 para. 1(1)

F3 Words in art. 2 inserted (1.11.2007) by The Financial Services and Markets Act 2000 (Exemption) (Amendment) Order 2007 (S.I. 2007/125), arts. 1, 3

F4 Words in art. 2 inserted (14.1.2005) by The Financial Services and Markets Act 2000 (Exemption) (Amendment) (No. 2) Order 2003 (S.I. 2003/1675), arts. 1(3), 2(2)

F5 Words in art. 2 inserted (31.12.2020) by The Financial Services (Miscellaneous) (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/710), regs. 1(3), 7(2); 2020 c. 1, Sch. 5 para. 1(1)

Marginal Citations

M1 1993 c. 10.

M2 1964 c. 33 (N.I.).

M3 1979 c. 34; amended by the Deregulation (Credit Unions) Order 1996 (S.I. 1996/1189).

M4 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).

M5 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).

M6 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).

M7 1972 c. 9 (N.I.).

M8 S.I. 2001/544.