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The Financial Services and Markets Act 2000 (Amendment) (EU Exit) Regulations 2019

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The Financial Services and Markets Act 2000 (Amendment) (EU Exit) Regulations 2019, Section 177 is up to date with all changes known to be in force on or before 19 November 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations. Help about Changes to Legislation

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

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177.—(1) The Financial Services and Markets Act 2000 (Exemption) Order 2001 M1 is amended as follows.

(2) In Part 1 of the Schedule M2 (persons exempt in respect of any regulated activity other than insurance business) omit paragraphs 2 to 6.

(3) In Part 4 of the Schedule (persons exempt in respect of particular regulated activities), in paragraph 48 (social housing)—

(a)in sub-paragraph (1A)(b)(i), for “the mortgages directive does not apply by virtue of Article 3(2) of that directive” substitute “ section 423A(3) of the Act applies ”;

(b)in sub-paragraph (4), in the definition of “bridging loan”, for “Article 4(23) of the mortgages directive” substitute “ article 60G(9) of the Regulated Activities Order ”.

Modifications etc. (not altering text)

Commencement Information

I1Reg. 177 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(3)

Marginal Citations

M2Part 1 was amended by S.I. 2003/47, 2009/118 and 2011/1043.

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