The Financial Services and Markets Act 2000 (Regulated Activities) Order 2001

[F1Exclusion from the record where [F2FCA] has exercised its powers under Part XX of the ActU.K.

96.—(1) If a person who appears to [F3the FCA] to fall within article 93(3) (member of a designated professional body) falls within paragraph (2) or (3), [F3the FCA] must not include him in the record or, if that person is already included in the record, must remove him from the record.

(2) A person falls within this paragraph if, by virtue of a direction given by [F3the FCA] under section 328(1) of the Act (directions in relation to the general prohibition), section 327(1) of the Act does not apply in relation to the carrying on by him of any insurance [F4distribution] activity.

(3) A person falls within this paragraph if [F3the FCA] has made an order under section 329(2) of the Act (orders in relation to the general prohibition) disapplying section 327(1) of the Act in relation to the carrying on by him of any insurance [F5distribution] activity.]

Textual Amendments

F1Pt. 5 inserted (31.10.2004 for specified purposes, 14.1.2005 in so far as not already in force) by The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) (No. 2) Order 2003 (S.I. 2003/1476), arts. 1(3), 13