PART 2

Amendments to secondary legislation made under the Act

The Financial Services and Markets Act 2000 (Financial Promotion) Order 2005
5
1
Schedule 1 to the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 is amended as follows.
2
In paragraph 3(1) (dealing in securities and contractually based investments), omit “(other than investments of the kind specified by paragraph 25, or paragraph 27 so far as relevant to that paragraph)”.
3
In paragraph 9 (providing funeral plan contracts)—
a
after sub-paragraph (1), insert—
1A
Carrying out a qualifying funeral plan contract as provider is a controlled activity.
; and
b
for sub-paragraph (2)(c), substitute—
the provider is a person who carries on a regulated activity specified in article 59 of the Regulated Activities Order and includes a person who has assumed the undertaking referred to in article 59(2)(b) of that Order as a result of the novation, assignment or transfer by operation of law of an existing qualifying funeral plan contract.
.
S.I. 2005/1529.
Paragraph 3(1) of Schedule 1 was amended by S.I. 2017/488.
Art. 5 in force at 28.1.2021 for specified purposes, see art. 1(2)
Art. 5 in force at 29.7.2022 in so far as not already in force, see art. 1(3)