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The Financial Services and Markets Act 2000 (Exemption) Order 2001

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Changes over time for: Paragraph 52

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Version Superseded: 01/04/2014

Status:

Point in time view as at 14/02/2014.

Changes to legislation:

There are currently no known outstanding effects for the The Financial Services and Markets Act 2000 (Exemption) Order 2001, Paragraph 52. Help about Changes to Legislation

[F152.(1) A person acting as—U.K.

(a)[F2an insolvency practitioner,]

(b)an official receiver within the meaning of section 399 of the Insolvency Act 1986 or article 2 of the Insolvency (Northern Ireland) Order 1989, or

(c)a judicial factor,

is exempt from the general prohibition in respect of any regulated activity of the kind specified by any of articles 39D to 39G (activities in relation to debt) or 89A (providing credit information services) of the Regulated Activities Order.

(2) [F3A person acting in reasonable contemplation of appointment as an insolvency practitioner is exempt from the general prohibition in respect of any regulated activity of the kind specified by article 39D (debt adjusting), 39E (debt-counselling) or 89A (providing credit information services) of that Order.]

(3) [F4In this paragraph, “acting as an insolvency practitioner” is to be read with section 388 of the Insolvency Act 1986 or article 3 of the Insolvency (Northern Ireland) Order 1989.]]

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