EXPLANATORY NOTE
(This note is not part of the Order)
This Order amends the dates on which the Alternative Investment Fund Managers Order 2014 (S.I. 2014/1292) comes into force, and the date by which a person must notify the Financial Conduct Authority of an intention to carry on insurance mediation activity if the person wishes article 7(5) or (6) of that Order to apply to them so that they are treated as having permission under Part 4A of the Financial Services and Markets Act 2000 (c. 8) to carry on insurance mediation activity, or as having applied for such permission.
An impact assessment has not been produced for this instrument as no impact on the costs of business or the voluntary sector is foreseen.