This is the original version (as it was originally made). This item of legislation is currently only available in its original format.
2. In article 60E (exempt agreements: exemptions relating to the nature of the lender) of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001(1)—
(a)in paragraph (7), in the definition of “housing authority”, in paragraph (a), after “the Welsh Ministers”, insert “, a company which is a wholly-owned subsidiary of the Welsh Ministers,”;
(b)after paragraph (7), insert—
“(7A) In paragraph (7), in the definition of “housing authority”, in paragraph (a), “wholly-owned subsidiary” has the same meaning as in section 1159 (meaning of “subsidiary” etc.) of the Companies Act 2006(2).
(7B) For the purpose of paragraph (7A), the Welsh Ministers are to be treated as a body corporate.”.
S.I. 2001/544; article 60E was inserted by S.I. 2013/1881 and amended by S.I. 2014/366.
All content is available under the Open Government Licence v3.0 except where otherwise stated. This site additionally contains content derived from EUR-Lex, reused under the terms of the Commission Decision 2011/833/EU on the reuse of documents from the EU institutions. For more information see the EUR-Lex public statement on re-use.
