2003 No. 2822
The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) (No. 3) Order 2003
Made
Laid before Parliament
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 makes the following Order:
Citation and commencement1
This Order may be cited as the Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) (No. 3) Order 2003, and comes into force on 1st December 2003.
Amendment of the Financial Services and Markets Act 2000 (Regulated Activities) Order 20012
The Financial Services and Markets Act 2000 (Regulated Activities) Order 20012 (“the principal Order”) is amended as follows.
Company dealing in own shares as principal3
After article 18 of the principal Order insert—
Dealing by a company in its own shares18A
1
A company does not carry on an activity of the kind specified by article 14 by purchasing its own shares where section 162A of the Companies Act 19853 (Treasury shares) applies to the shares purchased.
2
A company does not carry on an activity of the kind specified by article 14 by dealing in its own shares held as treasury shares, in accordance with section 162D of that Act (Treasury shares: disposal and cancellation).
3
In this article “shares held as treasury shares” has the same meaning as in that Act.
(This note is not part of the Order)