The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2012

Amendment of the Financial Services and Markets Act 2000 (Appointed Representatives) Regulations 2001 U.K.

5.  In regulation 2(1) of the Financial Services and Markets Act 2000 (Appointed Representatives) Regulations 2001(1) (description of business for which appointed representatives are exempt)—

(a) renumber sub-paragraph (aa) as (za);

(b) after that sub-paragraph, insert—

“(zb) an activity of the kind specified by article 24A of the Regulated Activities Order (bidding in emissions auctions), where that activity does not consist either of a person dealing on his own account or of the execution of orders on behalf of clients within the meaning of Part 3 of Schedule 2 to that Order;”; and

(c) in sub-paragraph (d), for “(aa)” substitute “(za)”.

Commencement Information

I1 Art. 5 in force at 20.7.2012, see art. 1

(1)

S.I. 2001/1217; regulation 2(1) was amended by S.I. 2001/2508 and sub-paragraph (aa) of regulation 2(1) was inserted by S.I 2003/1476; there are other amending instruments but none is relevant.