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This Order amends the Schedule to the Financial Services and Markets Act 2000 (Exemption) Order 2001 (S.I. 2001/1201) (“the principal order”) which provides for certain persons to be exempt from the general prohibition imposed by section 19 of the Financial Services and Markets Act 2000 (c.8) (“the Act”) on carrying on a regulated activity in the United Kingdom unless authorised under the Act.
Article 2 adds Capital for Enterprise Limited at paragraph 34B of the Schedule of the principal Order. This provides that Capital for Enterprise Limited is exempt in relation to the regulated activities listed at article 5(1) of the principal order (most of which relate to investment services) carried on by it provided that in doing so it provides services only to the Crown.
A Regulatory Impact Assessment has not been prepared as no impact on the cost of business is foreseen.
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