This Order appoints the 11th August 2005 as the day on which section 117 of the Finance Act 2002 shall cease to have effect. Section 117 contains a power to extend the exceptions in subsection (2) to any market prescribed by order under section 118(3) of the Financial Services and Markets Act 2000. Section 117 is replaced by the new power in section 50(1) and (2) of the Finance (No.2) Act 2005.

This Order does not impose any new costs on business.