http://www.legislation.gov.uk/uksi/2001/1201The Financial Services and Markets Act 2000 (Exemption) Order 2001texttext/xmlenStatute Law DatabaseFINANCIAL SERVICES AND MARKETS2026-03-09Expert Participation2026-02-23 This Order provides for certain persons to be exempt from the general prohibition which is imposed by section 19 of the Financial Services and Markets Act 2000 (c. 8) (“the Act"). Exempt persons are not required to be authorised to carry on regulated activities. Regulated activities are activities of a kind specified by the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 (S.I. 2001/544) which relate to an investment of a kind specified by that Order and which are carried on by way of business. The Financial Services and Markets Act 2000 (Exemption) Order 2001Sch. para. 15F-15PThe Financial Services and Markets Act 2000 (Exemption) (Amendment) Order 2026art. 2(2)art. 1(2) 2001 No. 1201FINANCIAL SERVICES AND MARKETSThe Financial Services and Markets Act 2000 (Exemption) Order 2001 Made26th March 2001 Coming into forceIn accordance with article 1 Whereas this Order is the first Order to be made, or to contain provisions made, under section 38 of the Financial Services and Markets Act 2000; And whereas a draft of this Order has been approved by a resolution of each House of Parliament pursuant to section 429(3) and (5) of that Act; Now, therefore, the Treasury, in exercise of the powers conferred on them by sections 38 and 428(3) of that Act, hereby make the following Order: Citation and commencement1This Order may be cited as the Financial Services and Markets Act 2000 (Exemption) Order 2001 and comes into force on the day on which section 19 of the Act comes into force. Interpretation2In this Order—“the Act" means the Financial Services and Markets Act 2000;“charity"—in relation to Scotland, means a body entered in the Scottish Charity Register; andotherwise, has the meaning given by section 96(1) of the Charities Act 1993 or by section 35 of the Charities Act (Northern Ireland) 1964 ; ... “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 or the Credit Unions (Northern Ireland) Order 1985 ; “investment firm” has the meaning given by the Regulated Activities Order; “local authority" means—in England and Wales, a local authority within the meaning of the Local Government Act 1972 , the Greater London Authority, the Common Council of the City of London or the Council of the Isles of Scilly;in Scotland, a local authority within the meaning of the Local Government (Scotland) Act 1973 ; andin Northern Ireland, a district council within the meaning of the Local Government Act (Northern Ireland) 1972 ; “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); “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 . Persons exempt in respect of any regulated activity other than insurance business3Each of the persons listed in Part I of the Schedule is exempt from the general prohibition in respect of any regulated activity other than an activity of the kind specified by article 10 of the Regulated Activities Order (effecting and carrying out contracts of insurance).<Addition ChangeId="key-a615827af9c5443a9b37d5189b7dca32-1746003519252" CommentaryRef="key-a615827af9c5443a9b37d5189b7dca32">Persons exempt in respect of any regulated activity</Addition>3AEach of the persons listed in Part 1A of the Schedule is exempt from the general prohibition in respect of any regulated activity. Persons exempt in respect of accepting deposits4Subject to the limitations, if any, expressed in relation to him, each of the persons listed in Part II of the Schedule is exempt from the general prohibition in respect of any regulated activity of the kind specified by article 5 of the Regulated Activities Order (accepting deposits). Persons exempt in respect of particular regulated activities51Subject to the limitation, if any, expressed in relation to him, each of the persons listed in Part III of the Schedule is exempt from the general prohibition in respect of any regulated activity of the kind specified by any of the following provisions of the Regulated Activities Order, or article 64 of that Order (agreeing to carry on specified kinds of activity) so far as relevant to any such activity—aarticle 14 (dealing in investments as principal);barticle 21 (dealing in investments as agent);carticle 25 (arranging deals in investments);caarticle 25D (operating a multilateral trading facility);cbarticle 25DA (operating an organised trading facility);darticle 37 (managing investments);daarticle 39A (assisting in the administration and performance of a contract of insurance);earticle 40 (safeguarding and administering investments);farticle 45 (sending dematerialised instructions);gaarticle 51ZA (managing a UCITS);gbarticle 51ZB (acting as a trustee or depositary of a UCITS);gcarticle 51ZC (managing an AIF);gdarticle 51ZD (acting as a trustee or depositary of an AIF);gearticle 51ZE (establishing etc. a collective investment scheme);harticle 52 (establishing etc. a ... pension scheme);iarticle 53 (advising on investments).jarticle 55A (providing targeted support).2Subject to the limitation, if any, expressed in relation to him, each of the persons listed in Part IV of the Schedule is exempt from the general prohibition in respect of any regulated activity of the kind referred to in relation to him, or an activity of the kind specified by article 64 of the Regulated Activities Order so far as relevant to any such activity.<Addition ChangeId="key-5ef1d992b410c4d8ce3396e705216de1-1711631807649" CommentaryRef="key-5ef1d992b410c4d8ce3396e705216de1">Persons exempt in respect of administering a benchmark</Addition>5APart 1 of the Schedule does not apply to the regulated activity specified in article 63S of the Regulated Activities Order (administering a benchmark). The persons exempt in respect of the regulated activity of administering a benchmark are those listed, or carrying out an activity listed, in Article 2(2) of Regulation EU 2016/1011 of the European Parliament and of the Council of 8 June 2016 on indices used as benchmarks in financial instruments and financial contracts or to measure the performance of investment funds and amending Directives 2008/48/EC and 2014/17/EU and Regulation (EU) No 596/2014 . Transitional exemption for credit unions6A credit union, within the meaning ..., is exempt from the general prohibition in respect of any regulated activity of the kind specified by article 5 of the Regulated Activities Order, but only until 1st July 2002. Jim Dowd Greg PopeTwo of the Lords Commissioners of Her Majesty’s TreasurySCHEDULEArticles 3 to 5PART I PERSONS EXEMPT IN RESPECT OF ANY REGULATED ACTIVITY OTHER THAN INSURANCE BUSINESS1The Bank of England.2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .6. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .7The European Investment Bank.8The International Bank for Reconstruction and Development.9The International Finance Corporation.10The International Monetary Fund.11The African Development Bank.12The Asian Development Bank.13The Caribbean Development Bank.14The Inter-American Development Bank.15The European Bank for Reconstruction and Development.15ABank for International Settlements.15BBank of England Asset Purchase Facility Fund Limited15CCovid Corporate Financing Facility Limited.15D. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Part 1A<Addition ChangeId="key-3ea1822ac1167939d8b11869af67ec96-1746003679731" CommentaryRef="key-3ea1822ac1167939d8b11869af67ec96">PERSONS EXEMPT IN RESPECT OF ANY REGULATED ACTIVITY</Addition>15ENational Wealth Fund Limited.PART II PERSONS EXEMPT IN RESPECT OF ACCEPTING DEPOSITS16A municipal bank, that is to say a company which was, immediately before the coming into force of this Order, exempted from the prohibition in section 3 of the Banking Act 1987 by virtue of section 4(1) of, and paragraph 4 of Schedule 2 to, that Act.17  1Keesler Federal Credit Union, in so far as it accepts deposits from members, or dependants of members, of a visiting force of the United States of America, or from members, or dependants of members, of a civilian component of such a force.2In sub-paragraph (1), “member", “dependent" and “visiting force" have the meanings given by section 12 of the Visiting Forces Act 1952 and “member of a civilian component" has the meaning given by section 10 of that Act.18A body of persons certified as a school bank by the National Savings Bank or by an authorised person who has permission to accept deposits.19. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .20  1Any body which by virtue of any enactment has power to issue a precept to a local authority in England or Wales or a requisition to a local authority in Scotland, or to the expenses of which, by virtue of any enactment, a local authority in the United Kingdom is or can be required to contribute.2In sub-paragraph (1), “enactment" includes an enactment comprised in, or in an instrument made under, an Act of the Scottish Parliament.21The Council of Europe Development Bank.22A charity, in so far as it accepts deposits—afrom another charity; orbin respect of which no interest or premium is payable.23The National Children’s Charities Fund in so far as—ait accepts deposits in respect of which no interest or premium is payable; andbthe total value of the deposits made by any one person does not exceed £10,000.24An industrial and provident society, in so far as it accepts deposits in the form of withdrawable share capital.24A. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .25. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .PART III PERSONS EXEMPT IN RESPECT OF ANY REGULATED ACTIVITY MENTIONED IN ARTICLE 5(1)26The National Debt Commissioners.27Partnerships UK.28The International Development Association.29The English Tourist Board.30....31VisitScotland.32The Northern Ireland Tourist Board.33Scottish Enterprise.33AInvest Northern Ireland.34The Multilateral Investment Guarantee Agency.34AThe Board of the Pension Protection Fund.34BCapital for Enterprise Limited, in so far as in carrying on any regulated activity it provides services only to the Crown.34CBIS (Postal Services Act 2011) Company Limited.35A person acting as an official receiver within the meaning of section 399 of the Insolvency Act 1986 or article 2 of the Insolvency (Northern Ireland) Order 1989 .36. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .37. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .38A person acting as a judicial factor.39. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .PART IV PERSONS EXEMPT IN RESPECT OF PARTICULAR REGULATED ACTIVITIES<Emphasis>Enterprise schemes</Emphasis>40  1Any body corporate which has as its principal object (or one of its principal objects)—athe promotion or encouragement of industrial or commercial activity or enterprise in the United Kingdom or in any particular area of it; orbthe dissemination of information concerning persons engaged in such activity or enterprise or requiring capital to become so engaged;is exempt from the general prohibition in respect of any regulated activity of the kind specified by articles 25, 36A, 39D, 39E and 89A of the Regulated Activities Order (arranging deals in investments, credit broking, debt adjusting, debt-counselling and providing credit information services) so long as it does not carry on that activity for, or with the prospect of, direct or indirect pecuniary gain.2For the purposes of this paragraph, such sums as may reasonably be regarded as necessary to meet the costs of carrying on the activity mentioned in sub-paragraph (1) do not constitute a pecuniary gain.3This paragraph does not apply where an investment firm or qualifying credit institution—aprovides or performs investment services and activities on a professional basis, andbin doing so, but for the operation of sub-paragraph (1), it would be treated as carrying on an activity of a kind specified by Part 2 of the Regulated Activities Order in breach of the general prohibition.<Emphasis>Employee share schemes in electricity industry shares</Emphasis>41  1Each of the persons to whom this paragraph applies is exempt from the general prohibition in respect of any regulated activity of the kind specified by article 14, 21 or 25 of the Regulated Activities Order (dealing in investments as principal or agent or arranging deals in investments) which he carries on for the purpose of—aenabling or facilitating transactions in electricity industry shares or debentures between or for the benefit of any qualifying person; orbthe holding of electricity industry shares or debentures by or for the benefit of any qualifying person.2This paragraph applies to—aThe National Grid Holding plc;bElectricity Association Limited;cany body corporate in the same group as the person mentioned in sub-paragraph (a) or (b);dany company listed in Schedule 1 to the Electricity Act 1989 (Nominated Companies) (England and Wales) Order 1990 ; andea person holding shares in or debentures of a body corporate as trustee in pursuance of arrangements made for either of the purposes mentioned in sub-paragraph (1) by the Secretary of State, by any of the bodies mentioned in sub-paragraphs (a) to (c) or by an electricity successor company or by some or all of them.3In this paragraph—a“electricity industry shares or debentures" means—iany investment of the kind specified by article 76 , 77 or 77A of the Regulated Activities Order (shares or instruments creating or acknowledging indebtedness or alternative finance investment bonds) in or of an electricity successor company;iiany investment of the kind specified by article 79 or 80 of that Order (instruments giving entitlement to investments and certificates representing certain securities), so far as relevant to the investments mentioned in sub-paragraph (i); andiiiany investment of the kind specified by article 89 of that Order (rights to or interests in investments) so far as relevant to the investments mentioned in sub-paragraphs (i) and (ii);b“qualifying person" means—ithe bona fide employees or former employees of The National Grid Holding plc, Electricity Association Limited or any other body corporate in the same group as either of them; andiithe wives, husbands, widows, widowers , civil partners, surviving civil partners, or children (including, in Northern Ireland, adopted children) or step-children under the age of eighteen of such employees or former employees;creferences to an electricity successor company include any body corporate that is in the same group and “electricity successor company" means a body corporate which is a successor company for the purposes of Part II of the Electricity Act 1989 ;d“former employees" of a person (“the employer") include any person who has never been employed by the employer so long as he occupied a position in relation to some other person of such a kind that it may reasonably be assumed that he would have been a former employee of the employer had the reorganisation of the electricity industry under Part II of the Electricity Act 1989 been affected before he ceased to occupy the relevant position.<Emphasis>Gas industry</Emphasis>42  1Transco plc is exempt from the general prohibition in respect of any regulated activity of the kind specified by article 14, 21 , 25 , 25D or 25DA of the Regulated Activities Order (dealing in investments as principal or agent , arranging deals in investments , operating a multilateral trading facility or operating an organised trading facility) which it carries on—ain its capacity as a gas transporter under the Transco Licence; andbfor the purposes of enabling or facilitating gas shippers to buy or sell an investment of the kind specified by article 84 or 85 of the Regulated Activities Order (futures or contracts for differences etc.).2ENMO Ltd. is exempt from the general prohibition in respect of any regulated activity of the kind specified by article 14, 21 , 25 , 25D or 25DA of the Regulated Activities Order (dealing in investments as principal or agent , arranging deals in investments , operating a multilateral trading facility or operating an organised trading facility) which it carries on—ain its capacity as the operator of the balancing market; andbfor the purpose of enabling or facilitating Transco plc and relevant gas shippers, for the purpose of participating in the balancing market, to buy or sell investments of the kind specified by article 84 or 85 of that Order (futures or contracts for differences etc.).3Transco plc and relevant gas shippers are exempt from the general prohibition in respect of any regulated activity of the kind specified by article 14 or 21 of the Regulated Activities Order (dealing in investments as principal or agent) in so far as that activity relates to an investment of the kind specified by article 84 or 85 of that Order (futures or contracts for differences etc.) and is carried on for the purpose of participating in the balancing market.4In this paragraph—a“the balancing market" means the market to regulate the delivery and off-take of gas in Transco plc’s pipeline system for the purpose of balancing the volume of gas in that system;b“gas shipper" has the same meaning as in Part I of the Gas Act 1986 ;c“relevant gas shippers" means gas shippers who have entered into a subscription agreement with ENMO Ltd. for the purpose of participating in the balancing market;d“Transco Licence" means the licence treated as granted to Transco plc as a gas transporter under section 7 of the Gas Act 1986 ;ethe reference to enabling or facilitating includes acting pursuant to rules governing the operation of the balancing market which apply in the event of one of the participants appearing to be unable, or likely to become unable, to meet his obligations in respect of one or more contracts entered into through the balancing market.<Emphasis>Trade unions and employers’ associations</Emphasis>43  1A trade union or employers’ association is exempt from the general prohibition in respect of any regulated activity of the kind specified by article 10 of the Regulated Activities Order (effecting and carrying out contracts of insurance) which it carries on in order to provide provident benefits or strike benefits for its members.2In sub-paragraph (1), “trade union" and “employers’ association" have the meanings given by section 1 and section 122(1) of the Trade Union and Labour Relations (Consolidation) Act 1992 or, in Northern Ireland, the meanings given by article 3(1) and article 4(1) of the Industrial Relations (Northern Ireland) Order 1992 .<Emphasis>Charities</Emphasis>44  A1A charity is exempt from the general prohibition in respect of any regulated activity of the kind specified by article 36H of the Regulated Activities Order (operating an electronic system in relation to lending) which it carries on in relation to an article 36H agreement (within the meaning given in article 36H(4) of the Regulated Activities Order) under or in connection with which the only amount payable to the lender is the amount of credit provided.1A charity is exempt from the general prohibition in respect of any regulated activity of the kind specified by articles 51ZA to 51ZE of the Regulated Activities Order (managing or acting as trustee or depositary of a UCITS or an AIF, or establishing etc. a collective investment scheme) which it carries on in relation to a fund established under—asection 22A of the Charities Act 1960 ;bsection 25 of the Charities Act 1993 ; orcsection 25 of the Charities Act (Northern Ireland) 1964 .2A charity is exempt from the general prohibition in respect of any regulated activity of the kind specified by articles 51ZA to 51ZE of the Regulated Activities Order (managing or acting as trustee or depositary of a UCITS or an AIF, or establishing etc. a collective investment scheme) which it carries on in relation to a pooling scheme fund established under—asection 22 of the Charities Act 1960; orbsection 24 of the Charities Act 1993.3In sub-paragraph (2), “pooling scheme fund" means a fund established by a common investment scheme the trusts of which provide that property is not to be transferred to the fund except by or on behalf of a charity, the charity trustees (within the meaning of section 97(1) of the Charities Act 1993) of which are the trustees appointed to manage the fund.<Emphasis>Schemes established under the Trustee Investments Act 1961</Emphasis>45A person acting in his capacity as manager or operator of a fund established under section 11 of the Trustee Investments Act 1961 is exempt from the general prohibition in respect of any regulated activity of the kind specified by articles 51ZA to 51ZE of the Regulated Activities Order (managing or acting as trustee or depositary of a UCITS or an AIF, or establishing etc. a collective investment scheme) which he carries on in relation to that fund.<Emphasis>Former members of Lloyd’s</Emphasis>46Any person who ceased to be an underwriting member (within the meaning of Lloyd’s Act 1982 ) of Lloyd’s before 24th December 1996 is exempt from the general prohibition in respect of any regulated activity of the kind specified by article 10(2) of the Regulated Activities Order (carrying out contracts of insurance) which relates to contracts of insurance that he has underwritten at Lloyd’s.<Emphasis>Local authorities</Emphasis>47. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .<Emphasis>Social housing</Emphasis>481A relevant housing body is exempt from the general prohibition in respect of any regulated activity of the kind specified by—aarticle 21, 25(1) or (2), 39A or 53 , 53 or 55A of the Regulated Activities Order (dealing in investments as agent, arranging deals in investments, assisting in the administration and performance of a contract of insurance or advising on investments , advising on investments or providing targeted support) which relates to a non-qualifying contract of insurance; ...barticle 25A(1)(b) and (2) of that Order (arranging a regulated mortgage contract); carticle 25B, 53B or 63B of that Order (arranging, advising on, entering into or administering a regulated home reversion plan); ...darticle 25C, 53C or 63F of that Order (arranging, advising on, entering into or administering a regulated home purchase plan);earticle 25E, 53D or 63J of that Order (arranging, advising on, entering into or administering a regulated sale and rent back agreement).1AA relevant housing body is exempt from the general prohibition in respect of any regulated activity of the kind specified by article 25A(1)(a) or (2A), 53A or 61 of that Order (arranging, advising on, entering into or administering a regulated mortgage contract) in so far as the contract—awas entered into before 21st March 2016; orbis entered into on or after 21st March 2016 and—iis of a kind to which section 423A(3) of the Act applies;iiis a bridging loan; oriiiis a restricted public loan in relation to which the requirements of sub-paragraph (1B) are met.1BThe requirements of this sub-paragraph are that—athe borrower receives timely information on the main features, risks and costs of the loan at the pre-contractual stage; andbany advertising of the loan is fair, clear and not misleading.2In this paragraph, “relevant housing body” means any of the following—aa registered social landlord within the meaning of Part I of the Housing Act 1996;aaa non-profit registered provider of social housing;ba registered social landlord within the meaning of the Housing (Scotland) Act 2001;c. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .cathe Homes and Communities Agency; d. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .ethe body established under article 9 of the Housing (Northern Ireland) Order 1981 known as the Northern Ireland Housing Executive;f. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .ga housing association within the meaning of Part 2 of the Housing (Northern Ireland) Order 1992;hexcept for the purposes of sub-paragraph (1)(a), the Scottish Ministers;iexcept for the purposes of sub-paragraph (1)(a), the Welsh Ministers.3Except for the purposes of sub-paragraph (1)(a), “relevant housing body” also includes a wholly-owned subsidiary of a body listed in sub-paragraph (2)(a), (aa), (b), (ca), (h) or (i).4In this paragraph—“bridging loan” has the meaning given by article 60G(9) of the Regulated Activities Order;“borrower” means a person receiving credit;“credit” includes a cash loan and any other form of financial accommodation;“restricted public loan” means credit that is—offered to a particular class of borrower and not offered to the public generally;offered under an enactment with a general interest purpose; andprovided on terms which are more favourable to the borrower than those prevailing on the market, because it meets one of the following conditions—it is interest free;the rate of interest is lower than that prevailing on the market; orthe rate of interest is no higher than that prevailing on the market but the other terms on which credit is provided are more favourable to the borrower; and“wholly-owned subsidiary” has the same meaning as in section 1159 (meaning of “subsidiary” etc.) of the Companies Act 2006 and, for the purposes of this definition, a relevant housing body is to be treated as a body corporate.<Addition ChangeId="key-22784137dae659cc36d90c061e2943a9-1676566077929" CommentaryRef="key-22784137dae659cc36d90c061e2943a9">Electricity industry</Addition>491 NGC is exempt from the general prohibition in respect of any regulated activity of the kind specified by article 14, 21, 25 , 25D , 25DA or 53 , 53 or 55A of the Regulated Activities Order (dealing in investments as principal or agent, arranging deals in investments , operating a multilateral trading facility , operating an organised trading facility or advising on investments , advising on investments or providing targeted support) which it carries on in the course of—aits participation in the Balancing and Settlement Arrangements as operator of the electricity transmission system in Great Britain under the Transmission Licence; orbthe acquisition by it of Balancing Services in accordance with the Electricity Act 1989 and the Transmission Licence.2ELEXON Clear Limited is exempt from the general prohibition in respect of any regulated activity of the kind specified by article 14, 21 , 25 , 25D or 25DA of that Order which it carries on in the course of its participation in the Balancing and Settlement Arrangements as clearer for the purposes of (among other things) receiving from and paying to BSC Parties trading and reconciliation charges arising under the Balancing and Settlement Arrangements.3Each BSC Party is exempt from the general prohibition in respect of any regulated activity of the kind specified by article 14, 21, 25 , 25D , 25DA or 53 , 53 or 55A of that Order which it carries on in the course of—aits participation in the Balancing and Settlement Arrangements; orbthe provision by it (or, in the case of an activity of the kind specified by article 21 of that Order, its principal) of Balancing Services to NGC.4ELEXON Limited is exempt from the general prohibition in respect of any regulated activity of the kind specified by article 25 , 25D or 25DA of that Order which it carries on in the course of its participation in the Balancing and Settlement Arrangements as administrator.5Each BSC Agent and each Volume Notification Agent is exempt from the general prohibition in respect of any regulated activity of the kind specified by article 25 , 25D or 25DA of that Order which it carries on in that capacity.6. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .7In this paragraph—“Ancillary Services” means services which generators and suppliers of electricity and those making transfers of electricity across an Interconnector are required (as a condition of their connection to the transmission system in Great Britain), or have agreed, to make available to NGC for the purpose of securing the stability of the electricity transmission or any distribution system in Great Britain or any system linked to it by an Interconnector;“Balancing and Settlement Arrangements” means—the Balancing Mechanism; andarrangements—for the determination and allocation to BSC Parties of the quantities of electricity that have been delivered to and taken off the electricity transmission system and any distribution system in Great Britain; andwhich set, and provide for the determination and financial settlement of, BSC Parties' obligations arising by reference to the quantities referred to in sub-paragraph (i), including the difference between such quantities (after taking account of accepted bids and offers in the Balancing Mechanism) and the quantities of electricity contracted for sale and purchase between BSC Parties;“Balancing Mechanism” means the arrangements pursuant to which BSC Parties may make, and NGC may accept, offers or bids to increase or decrease the quantities of electricity to be delviered to or taken off the electricity transmission system or any distribution system in Great Britain at any time or during any period so as to assist NGC in operating and balancing the electricity transmission system, and arrangements for the settlement of financial obligations arising from the acceptance of such offers and bids;“Balancing Services” means—offers and bids made in the Balancing Mechanism;Ancillary Services; andother services available to NGC which assist it in operating the electricity transmission system in accordance with the Electricity Act 1989 and the Transmission Licence;“BSC Agents” means the persons for the time being engaged by or on behalf of ELEXON Limited for the purpose of providing services to all BSC Parties, NGC, ELEXON Limited and ELEXON Clear Limited in connection with the operation of the Balancing and Settlement Arrangements; “BSC Framework Agreement” means the agreement of that title in the form approved by the Secretary of State for the purpose of conditions of the Transmission Licence and which is dated 14 August 2000; and “conditions” for the purposes of this definition means conditions determined by the Secretary of State under powers granted by section 137(1) of the Energy Act 2004. and incorporated into existing electricity transmission licences by a scheme made by the Secretary of State pursuant to section 138 of, and Schedule 17 to, that Act; “BSC Parties” means those persons (other than NGC, ELEXON Limited and ELEXON Clear Limited) who have signed or acceded to (in accordance with the terms of the BSC Framework Agreement), and not withdrawn from, the BSC Framework Agreement;“Interconnector” means the electric lines and electrical plant and meters used solely for the transfer of electricity to or from the electricity transmission system ... in Great Britain into or out of Great Britain;“NGC” means ... National Grid Company plc;...“the Transmission Licence” means the licence to participate in the transmission of electricity in Great Britain granted , or treated as granted, to NGC under section 6(1)(b) of the Electricity Act 1989; and“Volume Notification Agents” means the persons for the time being appointed and authorised under and in accordance with the Balancing and Settlement Arrangements on behalf of BSC Parties to notify to the BSC Agent designated for that purpose pursuant to the Balancing and Settlement Arrangements quantities of electricity contracted for the sale and purchase between those BSC Parties to be taken into account for the purposes of the Balancing and Settlement Arrangements.<Addition ChangeId="key-4de8908a6adad2b1161c9e574cf6623c-1676786940265" CommentaryRef="key-4de8908a6adad2b1161c9e574cf6623c">Freight forwarders and storage firms</Addition>501A freight forwarder or storage firm is exempt from the general prohibition in respect of any regulated activity of the kind specified by article 21, 25, 39A or 53 , 53 or 55A of the Regulated Activities Order (dealing in investments as agent, arranging deals in investments, assisting in the administration and performance of a contract of insurance or advising on investments , advising on investments or providing targeted support) in the circumstances referred to in paragraph 2.2The circumstances are—awhere a freight forwarder (“F”)—iholds a policy of insurance which insures F in respect of loss of or damage to goods which F transports or of which F arranges the transportation, andiimakes available to a customer rights under that policy to enable the customer to claim directly against the insurer in respect of loss or damage to those goods; orbwhere a storage firm (“S”)—iholds a policy of insurance which insures S in respect of loss of or damage to goods which S stores or for which S arranges storage, andiimakes available to a customer rights under that policy to enable the customer to claim directly against the insurer in respect of loss or damage to those goods.3In this paragraph—a“freight forwarder” means a person whose principal business is arranging or carrying out the transportation of goods;b“storage firm” means a person whose principal business is storing goods or arranging storage for goods;c“customer” means a person ... who uses the service of a freight forwarder or storage firm.<Addition ChangeId="key-4de8908a6adad2b1161c9e574cf6623c-1676786940265" CommentaryRef="key-4de8908a6adad2b1161c9e574cf6623c">Policyholder Advocates</Addition>511A person acting as a policyholder advocate is exempt from the general prohibition in respect of any regulated activity of the kind specified by article 25 or 53 , 53 or 55A of the Regulated Activities Order (arranging deals in investments or advising on investments , advising on investments or providing targeted support) in so far as he carries on these activities in connection with, or for the purposes of, his role as policyholder advocate.2In sub-paragraph (1), “policyholder advocate” means a person who is—aappointed by an insurer (“I”) to represent the interests of policyholders in negotiations with I about I’s proposals to redefine the rights and interests in any surplus assets arising in I’s with-profits fund; andbapproved or nominated by the FCA to carry out that role.3In sub-paragraph (2), “with-profits fund” means a long-term insurance fund in which policyholders are eligible to participate in surplus assets of the fund.<Addition ChangeId="key-d9cfbaf90db72bea4448555ffbfb4e28-1676820954860" CommentaryRef="key-d9cfbaf90db72bea4448555ffbfb4e28"><Addition ChangeId="key-452b4d1a5af848531489ef851534f4f7-1676821949590" CommentaryRef="key-452b4d1a5af848531489ef851534f4f7">Official receivers</Addition></Addition><Addition ChangeId="key-d9cfbaf90db72bea4448555ffbfb4e28-1676820954860" CommentaryRef="key-d9cfbaf90db72bea4448555ffbfb4e28"> etc.</Addition>521A person acting as—a. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .ban official receiver within the meaning of section 399 of the Insolvency Act 1986 or article 2 of the Insolvency (Northern Ireland) Order 1989, orca judicial factor,is exempt from the general prohibition in respect of any regulated activity of the kind specified by any of articles 39D to 39G (activities in relation to debt) or 89A (providing credit information services) of the Regulated Activities Order.2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .4A person who—aacts as an official receiver within the meaning of section 399 of the Insolvency Act 1986 or article 2 of the Insolvency (Northern Ireland) Order 1989, andbby virtue of that office, becomes the liquidator of a company in accordance with section 136 of the Insolvency Act 1986 or article 116 of the Insolvency (Northern Ireland) Order 1989,is exempt from the general prohibition in respect of any regulated activity of the kind specified by article 59(1A) of the Regulated Activities Order (carrying out a funeral plan contract as provider).<Addition ChangeId="key-d9cfbaf90db72bea4448555ffbfb4e28-1676820954860" CommentaryRef="key-d9cfbaf90db72bea4448555ffbfb4e28">Cycle to work</Addition>531An employer who provides or makes available to their employees a cycle or cyclist's safety equipment up to the value of £1,000 under a relevant employee benefit scheme is exempt from the general prohibition in respect of any regulated activity of the kind specified by article 60N of the Regulated Activities Order (regulated consumer hire agreements).2For the purposes of this paragraph—“cycle” has the meaning given by section 192(1) of the Road Traffic Act 1988 (general interpretation);“relevant employee benefit scheme” means a scheme operated by an employer which is designed to allow employees to take advantage of section 244 of the Income Tax (Earnings and Pensions) Act 2003 (no liability to income tax in relation to cycles and cyclist's safety equipment) and under which cycles or cyclist's safety equipment are made available in the manner described in any guidance issued by the Secretary of State.<Addition ChangeId="key-d9cfbaf90db72bea4448555ffbfb4e28-1676820954860" CommentaryRef="key-d9cfbaf90db72bea4448555ffbfb4e28">Tracing agents</Addition>541A person who takes steps to ascertain the identity or location (or the means of ascertaining the identity or location) of a borrower or hirer is exempt from the general prohibition in respect of any regulated activity of the kind specified by article 39F of the Regulated Activities Order (debt-collecting) so long as the person is not the lender under the agreement concerned or the owner under the consumer hire agreement concerned and takes no other steps to procure the payment of debts due under the agreement.2In this paragraph, “borrower”, “hirer” “lender” and “owner” have the meanings given by the Regulated Activities Order.<Addition ChangeId="key-f260882fc789be9707caa0db6b61995d-1711562719330" CommentaryRef="key-f260882fc789be9707caa0db6b61995d">Persons who carry on activities for the service of certain documents</Addition>54A1A person who serves, or takes steps to serve, a relevant document on a borrower or hirer is exempt from the general prohibition in respect of any regulated activity of the kind specified by article 39F of the Regulated Activities Order (debt-collecting) so long as that person—ais not the lender or owner under the relevant agreement; andbtakes no other steps to procure the payment of the debt or any other debt due from the borrower or hirer under the relevant agreement.2A person who serves, or takes steps to serve, a relevant document on a borrower or hirer is exempt from the general prohibition in respect of any regulated activity of the kind specified by article 39G of the Regulated Activities Order (debt administration) so long as that person is not the lender or owner under the relevant agreement and does not take—aany other steps to exercise or enforce rights under that agreement; orbany steps in the performance of any duties under that agreement.3In sub-paragraph (1) “relevant document” means any document which is for service for the purposes of any legal proceedings brought, or to be brought, for the payment of a debt due under the relevant agreement.4In sub-paragraph (2) “relevant document” means any document which is for service for the purposes of any legal proceedings brought, or to be brought, for the exercise or enforcement of rights under the relevant agreement.5In this paragraph—“borrower”, “hirer”, “lender” and “owner” have the meaning given in article 3 of the Regulated Activities Order;“legal proceedings” includes arbitration and insolvency proceedings; and“relevant agreement”, in relation to a person who is a borrower or hirer, means—the credit agreement (within the meaning given by article 60B of the Regulated Activities Order) or article 36H agreement (within the meaning given by article 36H of that Order) under which that person is the borrower; orthe consumer hire agreement (within the meaning given by article 60N of the Regulated Activities Order) under which that person is the hirer.<Addition ChangeId="key-cad973d23e1ebe434c34fba1093fb423-1711561670288" CommentaryRef="key-cad973d23e1ebe434c34fba1093fb423">Persons exercising, or having the right to exercise, the rights of the person who provided credit under a regulated credit agreement</Addition>551A person within the description in sub-paragraph (3) (“P”) is exempt from the general prohibition in respect of any activity of the kind specified by article 60B(2) of the Regulated Activities Order (regulated credit agreements) carried on in relation to a qualifying agreement provided that the conditions in sub-paragraphs (4) and (5) are satisfied in respect of the agreement.2Where P is exempt from the general prohibition in respect of any activity of the kind specified by article 60B(2) of the Regulated Activities Order by virtue of sub-paragraph (1), P is also exempt from the general prohibition in respect of any activity of the kind specified by article 39E(1) (debt-counselling) or 39F(1) (debt-collecting) of the Regulated Activities Order carried on in relation to the qualifying agreement in an exempt period.3P is within the description in this sub-paragraph if P—ais not the original lender;bdoes not grant, is not required to grant, and does not promise to grant credit under the qualifying agreement or any other regulated credit agreement; andcdoes not undertake any activity of the kind specified in article 39D(1) (debt adjusting), 39E(1) or 39F(1) of the Regulated Activities Order, or which would be so specified but for article 39H(1) of that Order, except in an exempt period.4The condition in this sub-paragraph is that—aP has entered into a servicing arrangement in relation to the qualifying agreement; orban exempt period has not expired.5The condition in this sub-paragraph is that—aP has arranged for the servicer to comply with the provisions listed in sub-paragraph (6); andbwhere P (and not the servicer acting on behalf of P) varies the qualifying agreement, P complies with the provisions listed in sub-paragraph (6).6The provisions are—aany provision of, or made under, the Act applicable to authorised persons that relates to the exercise of the right of the lender under a regulated credit agreement to vary terms and conditions of the agreement (including, in particular, the right to vary the rate of interest, charges, or other amount due to the lender under the agreement); andbthe requirements of, or made under, section 82 of the Consumer Credit Act 1974 (variation of agreements).7For the purposes of this paragraph, there are excluded from articles 39E(1) and 39F(1) of the Regulated Activities Order activities carried on by P under or for the purposes of a servicing arrangement.8In this paragraph—“an exempt period” is the period of thirty days beginning on the day after the day on which a servicing arrangement came to an end;“the original lender” means the person who provided credit under the qualifying agreement;“a qualifying agreement” means a regulated credit agreement under which P exercises, or has the right to exercise, the rights of the original lender;“regulated credit agreement” has the meaning given in article 60B of the Regulated Activities Order;“the servicer” means the person with whom P enters into a servicing arrangement, where that person is an authorised person with permission to carry on an activity of the kind specified in article 39F, 39G (debt administration) or 60B of the Regulated Activities Order;“a servicing arrangement” means an arrangement between P and the servicer for the servicer to exercise on P’s behalf P’s rights under a qualifying agreement other than the right to transfer, assign or otherwise dispose of those rights.<Addition ChangeId="key-cad973d23e1ebe434c34fba1093fb423-1711561670288" CommentaryRef="key-cad973d23e1ebe434c34fba1093fb423">Persons exercising, or having the right to exercise, the rights of the person who provided credit under a regulated consumer hire agreement</Addition>561A person within the description in sub-paragraph (3) (“P”) is exempt from the general prohibition in respect of any activity of the kind specified by article 60N(2) of the Regulated Activities Order (regulated consumer hire agreements) carried on in relation to a qualifying agreement provided that the conditions in sub-paragraphs (4) and (5) are satisfied in respect of each such agreement.2Where P is exempt from the general prohibition in respect of any activity of the kind specified by article 60N(2) of the Regulated Activities Order by virtue of sub-paragraph (1), P is also exempt from the general prohibition in respect of any activity of the kind specified by article 39E(2) (debt-counselling) or 39F(2) (debt-collecting) of the Regulated Activities Order carried on in relation to the qualifying agreement in an exempt period.3P is within the description in this sub-paragraph if P—ais not the original owner; andbdoes not undertake any activity of the kind specified in article 39D(2) (debt adjusting), 39E(2) or 39F(2) of the Regulated Activities Order, or which would be so specified but for article 39H(2) of that Order, except in an exempt period.4The condition in this sub-paragraph is that—aP has entered into a servicing arrangement in relation to the qualifying agreement; orban exempt period has not expired.5The condition in this sub-paragraph is that—aP has arranged for the servicer to comply with the provisions listed in sub-paragraph (6); andbwhere P (and not the servicer acting on behalf of P) varies the qualifying agreement, P complies with the provisions listed in sub-paragraph (6).6The provisions are—aany provision of, or made under, the Act applicable to authorised persons that relates to the exercise of the right of the owner under a regulated consumer hire agreement to vary terms and conditions of the agreement (including, in particular, the right to vary the hire payments, other charges, or any other amount due to the owner under the agreement); andbthe requirements of, or made under, section 82 of the Consumer Credit Act 1974 (variation of agreements).7For the purposes of this paragraph, there are excluded from articles 39E(2) and 39F(2) of the Regulated Activities Order activities carried on by P under or for the purposes of a servicing arrangement.8In this paragraph—“an exempt period” is the period of thirty days beginning on the day after the day on which a servicing arrangement came to an end;“the original owner” means the person who entered into the qualifying agreement as owner;“a qualifying agreement” means a regulated consumer hire agreement under which P exercises, or has the right to exercise, the rights of the original owner;“regulated consumer hire agreement” has the meaning given in article 60N of the Regulated Activities Order;“the servicer” means the person with whom P enters into a servicing arrangement, where that person is an authorised person with permission to carry on an activity of the kind specified in article 39F, 39G (debt administration) or 60N of the Regulated Activities Order;“a servicing arrangement” means an arrangement between P and the servicer for the servicer to exercise on P’s behalf P’s rights under a qualifying agreement other than the right to transfer, assign or otherwise dispose of those rights.<Emphasis><Addition ChangeId="key-1ee73d38b53c602d43c3b89250cf8d18-1711563071303" CommentaryRef="key-1ee73d38b53c602d43c3b89250cf8d18">Student Loans Company</Addition></Emphasis>571The Student Loans Company Limited is exempt from the general prohibition in respect of—aany regulated activity of the kind specified by article 5 of the Regulated Activities Order (accepting deposits) in so far as it accepts deposits from the Secretary of State or the Scottish Ministers, in connection with, or for the purposes of, enabling eligible students to receive loans;bany regulated activity of the kind specified by article 39G of the Regulated Activities Order (debt administration) in connection with, or for the purposes of, loans to eligible students.2In sub-paragraph (1)(a), “eligible student” means—aany person who is an eligible student pursuant to regulations made under Part 2 of the Teaching and Higher Education Act 1998;bany person to whom, or in respect of whom, loans may be paid under section 73(f) of the Education (Scotland) Act 1980;cany person who is an eligible student pursuant to regulations made under article 3 of the Education (Student Support) (Northern Ireland) Order 1998;dany person who is in receipt of or who is eligible to receive a loan of the kind mentioned in article 3(1) of the Teaching and Higher Education Act 1998 (Commencement No. 2 and Transitional Provisions) Order 1998 or article 3(1) of the Education (Student Support) (Northern Ireland) Order 1998 (Commencement and Transitional Provisions) Order (Northern Ireland) 1998.3In sub-paragraph (1)(b), “eligible student” means any person who is in receipt of or who is eligible to receive a loan of the kind mentioned in article 3(1) of the Teaching and Higher Education Act 1998 (Commencement No. 2 and Transitional Provisions) Order 1998 or article 3(1) of the Education (Student Support) (Northern Ireland) Order 1998 (Commencement and Transitional Provisions) Order (Northern Ireland) 1998.<Emphasis><Addition ChangeId="key-73749cc495f639811d5897af28d56f41-1711633947729" CommentaryRef="key-73749cc495f639811d5897af28d56f41">Norges Bank</Addition></Emphasis>58Norges Bank is exempt from the general prohibition in respect of any regulated activity of the kind specified by article 14, 21, 25, 37, 40 or 53 , 53 or 55A, of the Regulated Activities Order (dealing in investments as principal, dealing in investments as agent, arranging deals in investments, managing investments, safeguarding and administering investments, and advising on investments , advising on investments or providing targeted support).

(This note is not part of the Order)

This Order provides for certain persons to be exempt from the general prohibition which is imposed by section 19 of the Financial Services and Markets Act 2000 (c. 8) (“the Act"). Exempt persons are not required to be authorised to carry on regulated activities. Regulated activities are activities of a kind specified by the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 (S.I. 2001/544) which relate to an investment of a kind specified by that Order and which are carried on by way of business.

The persons listed in Part I of the Schedule to this Order are exempt from the general prohibition in respect of any regulated activity other than effecting and carrying out contracts of insurance. The list comprises certain persons who were previously exempted persons under the Banking Act 1987 (c. 22) (by way of Schedule 2 to that Act) and/or the Financial Services Act 1986 (c. 60) (by way of section 35 of that Act and the Financial Services Act 1986 (Miscellaneous Exemptions) Order 1988 (S.I. 1988/350)). The list also includes the European Central Bank.

The persons listed in Part II of the Schedule are exempt from the general prohibition in so far as they accept deposits. The list includes certain persons who were previously exempted persons under the Banking Act 1987 (by way of Schedule 2 to that Act or the Banking Act 1987 (Exempt Transactions) Regulations 1997 (S.I. 1997/817)).

The persons listed in Part III of the Schedule are exempt from the general prohibition in respect of the conduct of investment business (but not, among other activities, effecting and carrying out contracts of insurance, accepting deposits or entering into a regulated mortgage contract). The persons listed in Part IV of the Schedule are exempt from the general prohibition in respect of any regulated activity of the kind specified in that Part. The lists in Parts III and IV of the Schedule include certain persons who were previously exempted persons under the Financial Services Act 1986 (by way of section 45 of that Act or orders made under section 46 of that Act).

Article 6 of the Order contains a transitional exemption for credit unions in so far as they accept deposits. This exemption will cease to have effect on 1st July 2002.

2000 c. 8.1993 c. 10.1964 c. 33 (N.I.).1979 c. 34; amended by the Deregulation (Credit Unions) Order 1996 (S.I. 1996/1189).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).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).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).1972 c. 9 (N.I.).S.I. 2001/544.1987 c. 22; section 3 was amended by paragraph 3 of Schedule 5 to the Bank of England Act 1998 (c. 11). “Municipal bank" was defined in section 103 of the Banking Act 1987, which was amended by paragraph 22 of Schedule 3 to the Local Government Act 1992 (c. 19) and by paragraph 21 of Schedule 3 to the Local Government and Rating Act 1997 (c. 29).1952 c. 67; the definition of “visiting force" was amended by paragraph 14 of Schedule 15 to the Criminal Justice Act 1988 (c. 33).1986 c. 45.S.I. 1989/2405 (N.I. 19); to which there are amendments not relevant to this Order.S.I. 1990/224.1989 c. 29.1986 c. 44; see section 7A which was inserted by section 6(1) of the Gas Act 1995 (c. 45).Substituted by the Gas Act 1995 (c. 45) and amended by the Utilities Act 2000 (c. 27) section 76 (although this amendment was not in force on the day on which this Order was laid).1992 c. 52.S.I. 1992/807 (NI 5); to which there are amendments not relevant to this Order.1960 c. 58. Inserted by section 16 of the Charities Act 1992 (c. 41); repealed by the Charities Act 1993 (c. 10) Schedule 7.1993 c. 10.1964 c. 33 (N.I.).1961 c. 62; amended by the Local Government Act 1963 (c. 33) Schedule 8; and by the Local Government Act 1985 (c.51) Schedule 17.1982 c. 14.Words in Sch. para. 42(2) substituted (1.4.2017 for specified purposes, 3.1.2018 in so far as not already in force) by The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2017 (S.I. 2017/488), art. 1(2), Sch. para. 6(3)(a)(ii)(aa)Words in Sch. para. 42(2) substituted (1.4.2017 for specified purposes, 3.1.2018 in so far as not already in force) by The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2017 (S.I. 2017/488), art. 1(2), Sch. para. 6(3)(a)(ii)(bb)Words in Sch. para. 45 substituted (22.7.2013) by The Alternative Investment Fund Managers Regulations 2013 (S.I. 2013/1773), reg. 1, Sch. 2 para. 8(3)Sch. para. 57 and cross-heading inserted (30.3.2015) by The Financial Services and Markets Act 2000 (Exemption) (Amendment) Order 2015 (S.I. 2015/447), arts. 1, 2(3)Words in Sch. para. 41(3)(a)(i) inserted (24.2.2010) by The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2010 (S.I. 2010/86), art. 1(2), Sch. para. 7(2)(b)Sch. para. 52(3) omitted (14.2.2014 for specified purposes, 1.4.2014 in so far as not already in force) by virtue of The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2014 (S.I. 2014/366), arts. 1(3)(4), 8(4)(c)Sch. para. 49 and cross-heading inserted (1.12.2001) by The Financial Services and Markets Act 2000 (Exemption) (Amendment) Order 2001 (S.I. 2001/3623), arts. 1, 8Word in Sch. para. 49(3) inserted (1.11.2007) by The Financial Services and Markets Act 2000 (Exemption) (Amendment) Order 2007 (S.I. 2007/125), arts. 1, 6(c)(iii)Words in Sch. para. 49 substituted (1.4.2005) by The Financial Services and Markets Act 2000 (Exemption) (Amendment) Order 2005 (S.I. 2005/592), arts. 1(2)(b), 3(2)Sch. para. 15A inserted (1.3.2003) by The Financial Services and Markets Act 2000 (Exemption) (Amendment) Order 2003 (S.I. 2003/47), arts. 1, 2Words in Sch. para. 49(4) substituted (1.4.2017 for specified purposes, 3.1.2018 in so far as not already in force) by The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2017 (S.I. 2017/488), art. 1(2), Sch. para. 6(3)(b)(ii)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)Sch. para. 48(2)(g) inserted (26.7.2011) by The Financial Services and Markets Act 2000 (Exemption) (Amendment) Order 2011 (S.I. 2011/1626), arts. 1, 2Sch. para. 48(1A)(a)(b) substituted for Sch. para. 48(1A)(a)-(c) (17.3.2016 for specified purposes, 21.3.2016 in so far as not already in force) by The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2016 (S.I. 2016/392), arts. 1(2)(3)(c), 4 (with Pt. 5)Word in Sch. para. 49(7) revoked (1.4.2005) by The Financial Services and Markets Act 2000 (Exemption) (Amendment) Order 2005 (S.I. 2005/592), arts. 1(2)(b), 3(4)(c)Words in Sch. para. 52 cross-heading substituted (14.2.2014 for specified purposes, 1.4.2014 in so far as not already in force) by The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2014 (S.I. 2014/366), arts. 1(3)(4), 8(4)(b)Words in Sch. para. 49(2) substituted (1.11.2007) by The Financial Services and Markets Act 2000 (Exemption) (Amendment) Order 2007 (S.I. 2007/125), arts. 1, 6(c)(ii)Words in Sch. para. 49(7) omitted (1.4.2005) by virtue of The Financial Services and Markets Act 2000 (Exemption) (Amendment) Order 2005 (S.I. 2005/592), arts. 1(2)(b), 3(4)(d)Sch. para. 48(2)(d)(f) omitted (20.4.2015 for specified purposes, 21.12.2015 for specified purposes, 21.3.2016 in so far as not already in force) by virtue of The Mortgage Credit Directive Order 2015 (S.I. 2015/910), art. 1(5), Sch. 1 para. 5(4)(a) (with Pt. 4)Words in Sch. para. 49(7) substituted (1.4.2005) by The Financial Services and Markets Act 2000 (Exemption) (Amendment) Order 2005 (S.I. 2005/592), arts. 1(2)(b), 3(4)(a)Sch. para. 21 substituted (5.6.2002) by The Financial Services and Markets Act 2000 (Financial Promotion and Miscellaneous Amendments) Order 2002 (S.I. 2002/1310), arts. 1, 4(2)Words in Sch. para. 49(5) substituted (1.4.2017 for specified purposes, 3.1.2018 in so far as not already in force) by The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2017 (S.I. 2017/488), art. 1(2), Sch. para. 6(3)(b)(ii)Words in Sch. para. 49(1) inserted (1.11.2007) by The Financial Services and Markets Act 2000 (Exemption) (Amendment) Order 2007 (S.I. 2007/125), arts. 1, 6(c)(i)Sch. paras. 50, 51 and cross-headings inserted (20.7.2007) by The Financial Services and Markets Act 2000 (Exemption) (Amendment No. 2) Order 2007 (S.I. 2007/1821), arts. 1(2), 2(4)Words in Sch. Pt. 3 omitted (23.11.2005) by virtue of The Wales Tourist Board (Transfer of Functions to the National Assembly for Wales and Abolition) Order 2005 (S.I. 2005/3225), art. 1(1), Sch. 2 Pt. 2 para. 4 (with art. 3(1))Sch. para. 33A inserted (20.7.2007) by The Financial Services and Markets Act 2000 (Exemption) (Amendment No. 2) Order 2007 (S.I. 2007/1821), arts. 1(2), 2(2)Words in Sch. para. 42(1) substituted (1.11.2007) by The Financial Services and Markets Act 2000 (Exemption) (Amendment) Order 2007 (S.I. 2007/125), arts. 1, 6(b)(i)Sch. para. 48(2)(aa) inserted (1.4.2010) by The Housing and Regeneration Act 2008 (Consequential Provisions) (No. 2) Order 2010 (S.I. 2010/671), art. 1(2), Sch. 1 para. 27 (with Sch. 2); S.I. 2010/862, art. 2Art. 5(1)(cb) inserted (1.4.2017 for specified purposes, 3.1.2018 in so far as not already in force) by The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2017 (S.I. 2017/488), art. 1(2), Sch. para. 6(2)Words in Sch. para. 49(7) omitted (1.4.2005) by virtue of The Financial Services and Markets Act 2000 (Exemption) (Amendment) Order 2005 (S.I. 2005/592), arts. 1(2)(b), 3(4)(b)(iii)Words in Sch. para. 44(1) substituted (22.7.2013) by The Alternative Investment Fund Managers Regulations 2013 (S.I. 2013/1773), reg. 1, Sch. 2 para. 8(3)Sch. para. 48(2)(c) omitted (E.W.) (1.4.2012) by virtue of The Localism Act 2011 (Regulation of Social Housing) (Consequential Provisions) Order 2012 (S.I. 2012/641), arts. 1(2)(3), 2(5) (with art. 3)Art. 5A inserted (27.2.2018) by The Financial Services and Markets Act 2000 (Benchmarks) Regulations 2018 (S.I. 2018/135), regs. 1(2), 54Words in Sch. para. 40(3)(b) substituted (1.11.2007) by The Financial Services and Markets Act 2000 (Exemption) (Amendment No. 2) Order 2007 (S.I. 2007/1821), arts. 1(3), 2(3)(i)Art. 5(1)(ga)-(ge) substituted for art. 5(1)(g) (22.7.2013) by The Alternative Investment Fund Managers Regulations 2013 (S.I. 2013/1773), reg. 1, Sch. 2 para. 8(2)Word in art. 5(1)(h) omitted (6.4.2007) by virtue of The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2006 (S.I. 2006/1969), arts. 1(3), 10Words in Sch. para. 40(3) substituted (31.12.2020) by The Financial Services (Miscellaneous) (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/710), regs. 1(3), 7(3); 2020 c. 1, Sch. 5 para. 1(1)Sch. paras. 2-6 omitted (31.12.2020) by virtue of The Financial Services and Markets Act 2000 (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/632), regs. 1(3), 177(2) (with savings in S.I. 2019/680, reg. 11 (as amended by S.I. 2019/1212, regs. 1(3), 22(3)); 2020 c. 1, Sch. 5 para. 1(1)Sch. para. 58 and cross-heading inserted (31.3.2022) by The Financial Services and Markets Act 2000 (Exemption) (Amendment) Order 2022 (S.I. 2022/100), arts. 1(2), 2(2)Sch. para. 15C inserted (23.3.2020) by The Financial Services and Markets Act 2000 (Exemption) (Amendment) Order 2020 (S.I. 2020/322), arts. 1, 2(2)Sch. para. 19 omitted (14.2.2014 for specified purposes, 1.4.2014 in so far as not already in force) by virtue of The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2014 (S.I. 2014/366), arts. 1(3)(4), 8(2)Sch. para. 37 omitted (27.3.2019) by virtue of The Uncertificated Securities (Amendment and EU Exit) Regulations 2019 (S.I. 2019/679), regs. 1(2), 7 (with regs. 10-12)Words in Sch. para. 49(7) inserted (1.4.2005) by The Financial Services and Markets Act 2000 (Exemption) (Amendment) Order 2005 (S.I. 2005/592), arts. 1(2)(b), 3(4)(e)(ii)Sch. para. 52(1)(a) omitted (14.2.2014 for specified purposes, 1.4.2014 in so far as not already in force) by virtue of The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2014 (S.I. 2014/366), arts. 1(3)(4), 8(4)(c)Sch. para. 27 substituted (13.7.2003) by The Financial Services and Markets Act 2000 (Exemption) (Amendment) (No. 2) Order 2003 (S.I. 2003/1675), arts. 1(2), 2(4)(a)Word in Sch. para. 48(1)(c) omitted (1.7.2009 for specified purposes, 30.6.2010 in so far as not already in force) by The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2009 (S.I. 2009/1342), arts. 1(2), 28(b)(i)Words in Sch. para. 41(3)(a)(i) substituted (24.2.2010) by The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2010 (S.I. 2010/86), art. 1(2), Sch. para. 7(2)(a)Art. 5(1)(ca) inserted (1.11.2007) by The Financial Services and Markets Act 2000 (Exemption) (Amendment) Order 2007 (S.I. 2007/125), arts. 1, 4Sch. para. 25 omitted (30.3.2015) by virtue of The Financial Services and Markets Act 2000 (Exemption) (Amendment) Order 2015 (S.I. 2015/447), arts. 1, 2(2)Sch. para. 15B inserted (2.2.2009) by The Financial Services and Markets Act 2000 (Exemption) (Amendment) Order 2009 (S.I. 2009/118), arts. 1, 2(2)Word in Sch. para. 48(1)(a) omitted (6.11.2006 for specified purposes, 6.4.2007 in so far as not already in force) by The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) (No.2) Order 2006 (S.I. 2006/2383), arts. 1(2), 30(b)(i)Sch. para. 52(4) inserted (16.5.2022 for specified purposes) by The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2022 (S.I. 2022/466), arts. 1(3), 4Words in Sch. para. 48(1A)(b)(i) substituted (31.12.2020) by The Financial Services and Markets Act 2000 (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/632), regs. 1(3), 177(3)(a) (with savings in S.I. 2019/680, reg. 11 (as amended by S.I. 2019/1212, regs. 1(3), 22(3)); 2020 c. 1, Sch. 5 para. 1(1)Words in Sch. para. 42(2) substituted (1.11.2007) by The Financial Services and Markets Act 2000 (Exemption) (Amendment) Order 2007 (S.I. 2007/125), arts. 1, 6(b)(ii)Sch. para. 34B inserted (1.4.2008) by The Financial Services and Markets Act 2000 (Exemption) (Amendment) Order 2008 (S.I. 2008/682), arts. 1, 2(2)Words in Sch. para. 50(3) omitted (6.4.2009) by virtue of The Financial Services and Markets Act 2000 (Exemption) (Amendment) (No. 2) Order 2009 (S.I. 2009/264), arts. 1, 2(2)Sch. para. 34C inserted (with effect in accordance with art. 1(2) of the amending S.I.) by The Financial Services and Markets Act 2000 (Exemption) (Amendment) Order 2012 (S.I. 2012/763), arts. 1(2), 2(2)Sch. para. 34A inserted (6.4.2005) by The Financial Services and Markets Act 2000 (Exemption) (Amendment) Order 2005 (S.I. 2005/592), arts. 1(2)(a), 2(1)Sch. para. 48(1)(e) inserted (1.7.2009 for specified purposes, 30.6.2010 in so far as not already in force) by The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2009 (S.I. 2009/1342), arts. 1(2), 28(b)(ii)Sch. para. 24A revoked (31.3.2012) by The Financial Services and Markets Act 2000 (Exemption) (Amendment No. 2) Order 2011 (S.I. 2011/2716), arts. 1, 2Word in Sch. para. 49(3) inserted (1.4.2017 for specified purposes, 3.1.2018 in so far as not already in force) by The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2017 (S.I. 2017/488), art. 1(2), Sch. para. 6(3)(b)(iii)Sch. para. 44(A1) inserted (1.4.2014) by The Financial Services and Markets Act 2000 (Consumer Credit) (Miscellaneous Provisions) (No. 2) Order 2014 (S.I. 2014/506), arts. 1(4), 2(2)Words in Sch. para. 44(2) substituted (22.7.2013) by The Alternative Investment Fund Managers Regulations 2013 (S.I. 2013/1773), reg. 1, Sch. 2 para. 8(3)Sch. para. 36 revoked (1.11.2007) by The Financial Services and Markets Act 2000 (Exemption) (Amendment) Order 2007 (S.I. 2007/125), arts. 1, 5Sch. paras. 48(1)(c)(d) inserted (6.11.2006 for specified purposes, 6.4.2007 in so far as not already in force) by The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) (No.2) Order 2006 (S.I. 2006/2383), arts. 1(2), 30(b)(ii)Word in Sch. para. 51(2)(b) substituted (1.4.2013) by The Financial Services Act 2012 (Consequential Amendments and Transitional Provisions) Order 2013 (S.I. 2013/472), Sch. 2 para. 38Sch. para. 48(1A)(1B) inserted (20.4.2015 for specified purposes, 21.12.2015 for specified purposes, 21.3.2016 in so far as not already in force) by The Mortgage Credit Directive Order 2015 (S.I. 2015/910), art. 1(5), Sch. 1 para. 5(3) (with Pt. 4)Words in Sch. para. 49(2) substituted (1.4.2017 for specified purposes, 3.1.2018 in so far as not already in force) by The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2017 (S.I. 2017/488), art. 1(2), Sch. para. 6(3)(b)(ii)Word in Sch. para. 49(1) inserted (1.4.2017 for specified purposes, 3.1.2018 in so far as not already in force) by The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2017 (S.I. 2017/488), art. 1(2), Sch. para. 6(3)(b)(i)(aa)Word in Sch. para. 54(2) substituted (18.3.2015) by The Financial Services and Markets Act 2000 (Miscellaneous Provisions) (No. 2) Order 2015 (S.I. 2015/352), arts. 1, 3(2)(a)Sch. para. 48(3)(4) inserted (20.4.2015 for specified purposes, 21.12.2015 for specified purposes, 21.3.2016 in so far as not already in force) by The Mortgage Credit Directive Order 2015 (S.I. 2015/910), art. 1(5), Sch. 1 para. 5(5) (with Pt. 4)Sch. para. 48(2)(h)(i) inserted (20.4.2015 for specified purposes, 21.12.2015 for specified purposes, 21.3.2016 in so far as not already in force) by The Mortgage Credit Directive Order 2015 (S.I. 2015/910), art. 1(5), Sch. 1 para. 5(4)(b) (with Pt. 4)Sch. para. 52(2) omitted (14.2.2014 for specified purposes, 1.4.2014 in so far as not already in force) by virtue of The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2014 (S.I. 2014/366), arts. 1(3)(4), 8(4)(c)Sch. paras. 55, 56 and cross-headings inserted (1.4.2014) by The Financial Services and Markets Act 2000 (Consumer Credit) (Miscellaneous Provisions) (No. 2) Order 2014 (S.I. 2014/506), arts. 1(4), 2(3)Words in Sch. para. 42(1) substituted (1.4.2017 for specified purposes, 3.1.2018 in so far as not already in force) by The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2017 (S.I. 2017/488), art. 1(2), Sch. para. 6(3)(a)(i)(bb)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, 3Sch. para. 48 substituted (31.10.2004 for specified purposes, 14.1.2005 in so far as not already in force) by The Financial Services and Markets Act 2000 (Exemption) (Amendment) (No. 2) Order 2003 (S.I. 2003/1675), arts. 1(3), 2(4)(c)Words in art. 6 omitted (1.12.2001) by virtue of The Financial Services and Markets Act 2000 (Exemption) (Amendment) Order 2001 (S.I. 2001/3623), arts. 1, 3Words in Sch. para. 40(3)(b) inserted (1.11.2007) by The Financial Services and Markets Act 2000 (Exemption) (Amendment No. 2) Order 2007 (S.I. 2007/1821), arts. 1(3), 2(3)(ii)Words in Sch. para. 49(7) inserted (1.4.2005) by The Financial Services and Markets Act 2000 (Exemption) (Amendment) Order 2005 (S.I. 2005/592), arts. 1(2)(b), 3(4)(b)(i)Sch. paras. 52-54 and cross-headings inserted (26.7.2013 for specified purposes, 1.4.2014 in so far as not already in force) by The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) (No.2) Order 2013 (S.I. 2013/1881), arts. 1(2)(6), 14(4)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. 11Sch. para. 49(6) omitted (1.4.2005) by virtue of The Financial Services and Markets Act 2000 (Exemption) (Amendment) Order 2005 (S.I. 2005/592), arts. 1(2)(b), 3(3)Art. 5(1)(da) 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(3)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)Sch. para. 47 omitted (14.2.2014 for specified purposes, 1.4.2014 in so far as not already in force) by virtue of The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2014 (S.I. 2014/366), arts. 1(3)(4), 8(4)(a)Words in Sch. para. 49(7) substituted (1.4.2005) by The Financial Services and Markets Act 2000 (Exemption) (Amendment) Order 2005 (S.I. 2005/592), arts. 1(2)(b), 3(4)(e)(i)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)Words in Sch. para. 48(4) substituted (31.12.2020) by The Financial Services and Markets Act 2000 (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/632), regs. 1(3), 177(3)(b) (with savings in S.I. 2019/680, reg. 11 (as amended by S.I. 2019/1212, regs. 1(3), 22(3)); 2020 c. 1, Sch. 5 para. 1(1)Sch. para. 39 omitted (14.2.2014 for specified purposes, 1.4.2014 in so far as not already in force) by virtue of The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2014 (S.I. 2014/366), arts. 1(3)(4), 8(3)Word in Sch. para. 49(7) inserted (1.4.2005) by The Financial Services and Markets Act 2000 (Exemption) (Amendment) Order 2005 (S.I. 2005/592), arts. 1(2)(b), 3(4)(b)(ii)Words in Sch. para. 40(1) substituted (26.7.2013 for specified purposes, 1.4.2014 in so far as not already in force) by The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) (No.2) Order 2013 (S.I. 2013/1881), arts. 1(2)(6), 14(2)Sch. para. 54A and cross-heading inserted (18.3.2015) by The Financial Services and Markets Act 2000 (Miscellaneous Provisions) (No. 2) Order 2015 (S.I. 2015/352), arts. 1, 3(2)(b)Sch. para. 40(3) inserted (1.11.2007) by The Financial Services and Markets Act 2000 (Exemption) (Amendment) Order 2007 (S.I. 2007/125), arts. 1, 6(a)Words in Sch. para. 42(1) substituted (1.4.2017 for specified purposes, 3.1.2018 in so far as not already in force) by The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2017 (S.I. 2017/488), art. 1(2), Sch. para. 6(3)(a)(i)(aa)Words in Sch. para. 49(1) inserted (1.4.2017 for specified purposes, 3.1.2018 in so far as not already in force) by The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2017 (S.I. 2017/488), art. 1(2), Sch. para. 6(3)(b)(i)(bb)Words in Sch. para. 41 inserted (5.12.2005) by The Civil Partnership Act 2004 (Amendments to Subordinate Legislation) Order 2005 (S.I. 2005/2114), art. 1, Sch. 16 para. 4Words in Sch. para. 48(1)(b) substituted (20.4.2015 for specified purposes, 21.12.2015 for specified purposes, 21.3.2016 in so far as not already in force) by The Mortgage Credit Directive Order 2015 (S.I. 2015/910), art. 1(5), Sch. 1 para. 5(2) (with Pt. 4)Sch. para. 48(2)(ca) inserted (E.W.) (1.12.2008) by The Housing and Regeneration Act 2008 (Consequential Provisions) (No. 2) Order 2008 (S.I. 2008/2831), art. 1(2), Sch. 1 para. 11 (with Sch. 3, Sch. 4 paras. 5, 6); S.I. 2008/3068, art. 2(1)(b)Words in Sch. para. 31 substituted (1.4.2007) by Tourist Boards (Scotland) Act 2006 (asp 15), s. 5(1), sch. 2 para. 10; S.S.I. 2007/47, art. 2Art. 3A inserted (31.3.2025) by The Financial Services and Markets Act 2000 (Exemption) (Amendment) Order 2025 (S.I. 2025/250), arts. 1(2), 2(2)Sch. Pt. 1A inserted (31.3.2025) by The Financial Services and Markets Act 2000 (Exemption) (Amendment) Order 2025 (S.I. 2025/250), arts. 1(2), 2(4)Sch. para. 15D omitted (31.3.2025) by virtue of The Financial Services and Markets Act 2000 (Exemption) (Amendment) Order 2025 (S.I. 2025/250), arts. 1(2), 2(3)Art. 5(1)(j) inserted (23.2.2026 for specified purposes) by The Financial Services and Markets Act 2000 (Regulated Activities) (Providing Targeted Support) (Amendment) Order 2026 (S.I. 2026/74), art. 1(2)(3), Sch. para. 3(2)Words in Sch. para. 48(1)(a) substituted (23.2.2026 for specified purposes) by The Financial Services and Markets Act 2000 (Regulated Activities) (Providing Targeted Support) (Amendment) Order 2026 (S.I. 2026/74), art. 1(2)(3), Sch. para. 3(3)(a)(i)Words in Sch. para. 48(1)(a) substituted (23.2.2026 for specified purposes) by The Financial Services and Markets Act 2000 (Regulated Activities) (Providing Targeted Support) (Amendment) Order 2026 (S.I. 2026/74), art. 1(2)(3), Sch. para. 3(3)(a)(ii)Words in Sch. para. 49(1) substituted (23.2.2026 for specified purposes) by The Financial Services and Markets Act 2000 (Regulated Activities) (Providing Targeted Support) (Amendment) Order 2026 (S.I. 2026/74), art. 1(2)(3), Sch. para. 3(3)(b)(i)(aa)Words in Sch. para. 49(1) substituted (23.2.2026 for specified purposes) by The Financial Services and Markets Act 2000 (Regulated Activities) (Providing Targeted Support) (Amendment) Order 2026 (S.I. 2026/74), art. 1(2)(3), Sch. para. 3(3)(b)(i)(bb)Words in Sch. para. 49(3) substituted (23.2.2026 for specified purposes) by The Financial Services and Markets Act 2000 (Regulated Activities) (Providing Targeted Support) (Amendment) Order 2026 (S.I. 2026/74), art. 1(2)(3), Sch. para. 3(3)(b)(ii)Words in Sch. para. 50(1) substituted (23.2.2026 for specified purposes) by The Financial Services and Markets Act 2000 (Regulated Activities) (Providing Targeted Support) (Amendment) Order 2026 (S.I. 2026/74), art. 1(2)(3), Sch. para. 3(3)(c)(i)Words in Sch. para. 50(1) substituted (23.2.2026 for specified purposes) by The Financial Services and Markets Act 2000 (Regulated Activities) (Providing Targeted Support) (Amendment) Order 2026 (S.I. 2026/74), art. 1(2)(3), Sch. para. 3(3)(c)(ii)Words in Sch. para. 51(1) substituted (23.2.2026 for specified purposes) by The Financial Services and Markets Act 2000 (Regulated Activities) (Providing Targeted Support) (Amendment) Order 2026 (S.I. 2026/74), art. 1(2)(3), Sch. para. 3(3)(d)(i)Words in Sch. para. 51(1) substituted (23.2.2026 for specified purposes) by The Financial Services and Markets Act 2000 (Regulated Activities) (Providing Targeted Support) (Amendment) Order 2026 (S.I. 2026/74), art. 1(2)(3), Sch. para. 3(3)(d)(ii)Words in Sch. para. 58 substituted (23.2.2026 for specified purposes) by The Financial Services and Markets Act 2000 (Regulated Activities) (Providing Targeted Support) (Amendment) Order 2026 (S.I. 2026/74), art. 1(2)(3), Sch. para. 3(3)(e)(i)Words in Sch. para. 58 substituted (23.2.2026 for specified purposes) by The Financial Services and Markets Act 2000 (Regulated Activities) (Providing Targeted Support) (Amendment) Order 2026 (S.I. 2026/74), art. 1(2)(3), Sch. para. 3(3)(e)(ii)