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

[F1 Disapplication of section 49(2) of the Act U.K.

97.   In section 49 of the Act (persons connected with an applicant for Part 4 permission), after subsection (2) insert—

“(2A) But subsection (2) does not apply to the extent that the permission relates to—

(a) an insurance mediation activity (within the meaning given by paragraph 2(5) of Schedule 6); or

(b) a regulated activity involving a regulated mortgage contract.”.]

Textual Amendments

F1 Pt. 6 and heading inserted (15.7.2004) by The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2004 (S.I. 2004/1610), arts. 1(2), 3