Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2001
| Jurisdiction | UK Non-devolved |
| Citation | SI 2001/3544 |
| Year | 2001 |
2001 No. 3544
FINANCIAL SERVICES AND MARKETS
The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2001
Made 1st November 2001
Laid before Parliament 1st November 2001
Coming into force
The Treasury, in exercise of the powers conferred on them by sections 22(1) and (5) and 428(3) of, and paragraph 25 of Schedule 2 to, the Financial Services and Markets Act 20001, hereby make the following Order:
Citation and commencement
1. This Order may be cited as the Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2001, and comes into force—
(a) other than for the purposes of article 8, on 1st December 2001;
(b) for the purposes of article 8, on 1st September 2002.
Amendment of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001
2. The Financial Services and Markets Act 2000 (Regulated Activities) Order 20012(“the principal Order”) is amended as provided in the following provisions of this Order.
Accepting deposits: sums received by persons authorised to deal etc.
3. In article 8 of the principal Order, for “carrying on that activity” substitute “carrying on any such activity (or any activity which would be such an activity but for any exclusion made by this Part)”.
Dealing as principal: issue by a company of its own shares etc.
4. In article 18(2)(c) of the principal Order, for “that company” substitute “the person concerned”.
Arranging deals in investments: arranging transactions in connection with lending on the security of insurance policies
5. For sub-paragraph (a) of paragraph (1) of article 30 of the principal Order substitute—
“(a)
“(a) a relevant authorised person or a person acting on his behalf will introduce to the money-lender persons with whom the relevant authorised person has entered, or proposes to enter, into a relevant transaction, or will advise such persons to approach the money-lender, with a view to the money-lender lending money on the security of any contract effected pursuant to a relevant transaction;”.
Managing investments: attorneys
6. In article 38(b) of the principal Order—
(a) omit “or” after sub-paragraph (i); and
(b) after sub-paragraph (ii) insert:
“; or
(iii) an overseas person.”
Causing dematerialised instructions to be sent
7. In article 45(2) of...
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