http://www.legislation.gov.uk/uksi/2001/1201/body/2016-03-21The Financial Services and Markets Act 2000 (Exemption) Order 2001texttext/xmlenStatute Law DatabaseFINANCIAL SERVICES AND MARKETS2024-05-16Expert Participation2016-03-21 This Order provides for certain persons to be exempt from the general prohibition which is imposed by section 19 of the Financial Services and Markets Act 2000 (c. 8) (“the Act"). Exempt persons are not required to be authorised to carry on regulated activities. Regulated activities are activities of a kind specified by the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 (S.I. 2001/544) which relate to an investment of a kind specified by that Order and which are carried on by way of business. Citation and commencement1This Order may be cited as the Financial Services and Markets Act 2000 (Exemption) Order 2001 and comes into force on the day on which section 19 of the Act comes into force. Interpretation2In this Order—“the Act" means the Financial Services and Markets Act 2000;“charity"—in relation to Scotland, means a body entered in the Scottish Charity Register; andotherwise, has the meaning given by section 96(1) of the Charities Act 1993 or by section 35 of the Charities Act (Northern Ireland) 1964 ; “credit institution” has the meaning given by the Regulated Activities Order; “deposit" has the meaning given by the Regulated Activities Order;“industrial and provident society" has the meaning given by section 417(1) of the Act but does not include a credit union within the meaning of the Credit Unions Act 1979 or the Credit Unions (Northern Ireland) Order 1985 ; “investment firm” has the meaning given by the Regulated Activities Order; “local authority" means—in England and Wales, a local authority within the meaning of the Local Government Act 1972 , the Greater London Authority, the Common Council of the City of London or the Council of the Isles of Scilly;in Scotland, a local authority within the meaning of the Local Government (Scotland) Act 1973 ; andin Northern Ireland, a district council within the meaning of the Local Government Act (Northern Ireland) 1972 ; “non-qualifying contract of insurance” means a contract of insurance (within the meaning of the Regulated Activities Order) which is not a qualifying contract of insurance (within the meaning of that Order); “the Regulated Activities Order" means the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 . Persons exempt in respect of any regulated activity other than insurance business3Each of the persons listed in Part I of the Schedule is exempt from the general prohibition in respect of any regulated activity other than an activity of the kind specified by article 10 of the Regulated Activities Order (effecting and carrying out contracts of insurance). Persons exempt in respect of accepting deposits4Subject to the limitations, if any, expressed in relation to him, each of the persons listed in Part II of the Schedule is exempt from the general prohibition in respect of any regulated activity of the kind specified by article 5 of the Regulated Activities Order (accepting deposits). Persons exempt in respect of particular regulated activities51Subject to the limitation, if any, expressed in relation to him, each of the persons listed in Part III of the Schedule is exempt from the general prohibition in respect of any regulated activity of the kind specified by any of the following provisions of the Regulated Activities Order, or article 64 of that Order (agreeing to carry on specified kinds of activity) so far as relevant to any such activity—aarticle 14 (dealing in investments as principal);barticle 21 (dealing in investments as agent);carticle 25 (arranging deals in investments);caarticle 25D (operating a multilateral trading facility);darticle 37 (managing investments);daarticle 39A (assisting in the administration and performance of a contract of insurance);earticle 40 (safeguarding and administering investments);farticle 45 (sending dematerialised instructions);gaarticle 51ZA (managing a UCITS);gbarticle 51ZB (acting as a trustee or depositary of a UCITS);gcarticle 51ZC (managing an AIF);gdarticle 51ZD (acting as a trustee or depositary of an AIF);gearticle 51ZE (establishing etc. a collective investment scheme);harticle 52 (establishing etc. a ... pension scheme);iarticle 53 (advising on investments).2Subject to the limitation, if any, expressed in relation to him, each of the persons listed in Part IV of the Schedule is exempt from the general prohibition in respect of any regulated activity of the kind referred to in relation to him, or an activity of the kind specified by article 64 of the Regulated Activities Order so far as relevant to any such activity. Transitional exemption for credit unions6A credit union, within the meaning ..., is exempt from the general prohibition in respect of any regulated activity of the kind specified by article 5 of the Regulated Activities Order, but only until 1st July 2002. Jim Dowd Greg PopeTwo of the Lords Commissioners of Her Majesty’s Treasury1993 c. 10.1964 c. 33 (N.I.).1979 c. 34; amended by the Deregulation (Credit Unions) Order 1996 (S.I. 1996/1189).S.I. 1985/1205 (N.I. 12); relevant amendments are made by paragraphs 28 and 29 of Schedule 21 to the Friendly Societies Act 1992 (c. 40), and by S.I. 1997/2984 (N.I. 22).1972 c. 70; the definition of “local authority" in section 270 has been repealed in part by Schedule 17 to the Local Government Act 1985 (c. 51), and amended by section 1(5) of the Local Government (Wales) Act 1994 (c. 19).1973 c. 65; the definition of “local authority" in section 235 was substituted by paragraph 92(66) of Schedule 13 to the Local Government etc. (Scotland) Act 1994 (c. 39).1972 c. 9 (N.I.).S.I. 2001/544.Art. 5(1)(ga)-(ge) substituted for art. 5(1)(g) (22.7.2013) by The Alternative Investment Fund Managers Regulations 2013 (S.I. 2013/1773), reg. 1, Sch. 2 para. 8(2)Word in art. 5(1)(h) omitted (6.4.2007) by virtue of The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2006 (S.I. 2006/1969), arts. 1(3), 10Art. 5(1)(ca) inserted (1.11.2007) by The Financial Services and Markets Act 2000 (Exemption) (Amendment) Order 2007 (S.I. 2007/125), arts. 1, 4Words in art. 2 inserted (1.11.2007) by The Financial Services and Markets Act 2000 (Exemption) (Amendment) Order 2007 (S.I. 2007/125), arts. 1, 3Words in art. 6 omitted (1.12.2001) by virtue of The Financial Services and Markets Act 2000 (Exemption) (Amendment) Order 2001 (S.I. 2001/3623), arts. 1, 3Words in art. 2 substituted (1.4.2006) by The Charities and Trustee Investment (Scotland) Act 2005 (Consequential Provisions and Modifications) Order 2006 (S.I. 2006/242), art. 1(3), Sch. para. 11Art. 5(1)(da) inserted (14.1.2005) by The Financial Services and Markets Act 2000 (Exemption) (Amendment) (No. 2) Order 2003 (S.I. 2003/1675), arts. 1(3), 2(3)Words in art. 2 inserted (14.1.2005) by The Financial Services and Markets Act 2000 (Exemption) (Amendment) (No. 2) Order 2003 (S.I. 2003/1675), arts. 1(3), 2(2)
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<dc:title>The Financial Services and Markets Act 2000 (Exemption) Order 2001</dc:title>
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<dc:subject scheme="SIheading">FINANCIAL SERVICES AND MARKETS</dc:subject>
<dc:modified>2024-05-16</dc:modified>
<dc:contributor>Expert Participation</dc:contributor>
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<dc:description>This Order provides for certain persons to be exempt from the general prohibition which is imposed by section 19 of the Financial Services and Markets Act 2000 (c. 8) (“the Act"). Exempt persons are not required to be authorised to carry on regulated activities. Regulated activities are activities of a kind specified by the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 (S.I. 2001/544) which relate to an investment of a kind specified by that Order and which are carried on by way of business.</dc:description>
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<Title> Citation and commencement</Title>
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<Pnumber>1</Pnumber>
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<Text>This Order may be cited as the Financial Services and Markets Act 2000 (Exemption) Order 2001 and comes into force on the day on which section 19 of the Act comes into force.</Text>
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<Title> Interpretation</Title>
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<Text>In this Order—</Text>
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<Text>“the Act" means the Financial Services and Markets Act 2000;</Text>
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<Text>“charity"—</Text>
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<Text>
in relation to Scotland, means a
<Substitution ChangeId="key-e24f260147311c4cec6509ca7f930817-1676780773385" CommentaryRef="key-e24f260147311c4cec6509ca7f930817">body entered in the Scottish Charity Register</Substitution>
; and
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<Text>
otherwise, has the meaning given by section 96(1) of the Charities Act 1993
<CommentaryRef Ref="c15546041"/>
or by section 35 of the Charities Act (Northern Ireland) 1964
<CommentaryRef Ref="c15546051"/>
;
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<Addition ChangeId="key-cdfa9c3dddde70b94e1823d760db7195-1676787223053" CommentaryRef="key-cdfa9c3dddde70b94e1823d760db7195">“credit institution” has the meaning given by the Regulated Activities Order;</Addition>
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<Text>“deposit" has the meaning given by the Regulated Activities Order;</Text>
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<Para>
<Text>
“industrial and provident society" has the meaning given by section 417(1) of the Act but does not include a credit union within the meaning of the Credit Unions Act 1979
<CommentaryRef Ref="c15546061"/>
or the Credit Unions (Northern Ireland) Order 1985
<CommentaryRef Ref="c15546071"/>
;
</Text>
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<Para>
<Text>
<Addition ChangeId="key-cdfa9c3dddde70b94e1823d760db7195-1676787264393" CommentaryRef="key-cdfa9c3dddde70b94e1823d760db7195">“investment firm” has the meaning given by the Regulated Activities Order;</Addition>
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<Text>“local authority" means—</Text>
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in England and Wales, a local authority within the meaning of the Local Government Act 1972
<CommentaryRef Ref="c15546081"/>
, the Greater London Authority, the Common Council of the City of London or the Council of the Isles of Scilly;
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in Scotland, a local authority within the meaning of the Local Government (Scotland) Act 1973
<CommentaryRef Ref="c15546091"/>
; and
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in Northern Ireland, a district council within the meaning of the Local Government Act (Northern Ireland) 1972
<CommentaryRef Ref="c15546101"/>
;
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<Addition ChangeId="key-e6cbd8df04afb39a67ab72cdceb1924b-1676778501334" CommentaryRef="key-e6cbd8df04afb39a67ab72cdceb1924b">“non-qualifying contract of insurance” means a contract of insurance (within the meaning of the Regulated Activities Order) which is not a qualifying contract of insurance (within the meaning of that Order);</Addition>
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<Text>
“the Regulated Activities Order" means the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001
<CommentaryRef Ref="c15546111"/>
.
</Text>
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<P1group RestrictStartDate="2001-12-01">
<Title> Persons exempt in respect of any regulated activity other than insurance business</Title>
<P1 DocumentURI="http://www.legislation.gov.uk/uksi/2001/1201/article/3/2016-03-21" IdURI="http://www.legislation.gov.uk/id/uksi/2001/1201/article/3" id="article-3">
<Pnumber>3</Pnumber>
<P1para>
<Text>Each of the persons listed in Part I of the Schedule is exempt from the general prohibition in respect of any regulated activity other than an activity of the kind specified by article 10 of the Regulated Activities Order (effecting and carrying out contracts of insurance).</Text>
</P1para>
</P1>
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<P1group RestrictStartDate="2001-12-01">
<Title> Persons exempt in respect of accepting deposits</Title>
<P1 DocumentURI="http://www.legislation.gov.uk/uksi/2001/1201/article/4/2016-03-21" IdURI="http://www.legislation.gov.uk/id/uksi/2001/1201/article/4" id="article-4">
<Pnumber>4</Pnumber>
<P1para>
<Text>Subject to the limitations, if any, expressed in relation to him, each of the persons listed in Part II of the Schedule is exempt from the general prohibition in respect of any regulated activity of the kind specified by article 5 of the Regulated Activities Order (accepting deposits).</Text>
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</P1>
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<P1group RestrictEndDate="2017-04-01" RestrictStartDate="2013-07-22" RestrictExtent="E+W+S+N.I.">
<Title> Persons exempt in respect of particular regulated activities</Title>
<P1 DocumentURI="http://www.legislation.gov.uk/uksi/2001/1201/article/5/2016-03-21" IdURI="http://www.legislation.gov.uk/id/uksi/2001/1201/article/5" id="article-5">
<Pnumber>5</Pnumber>
<P1para>
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<Pnumber>1</Pnumber>
<P2para>
<Text>Subject to the limitation, if any, expressed in relation to him, each of the persons listed in Part III of the Schedule is exempt from the general prohibition in respect of any regulated activity of the kind specified by any of the following provisions of the Regulated Activities Order, or article 64 of that Order (agreeing to carry on specified kinds of activity) so far as relevant to any such activity—</Text>
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<Text>article 21 (dealing in investments as agent);</Text>
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<Pnumber>c</Pnumber>
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<Text>article 25 (arranging deals in investments);</Text>
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<Pnumber>
<Addition ChangeId="key-888adf72d7489c3b805be41f89b28adf-1676787376453" CommentaryRef="key-888adf72d7489c3b805be41f89b28adf">ca</Addition>
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<Addition ChangeId="key-888adf72d7489c3b805be41f89b28adf-1676787376453" CommentaryRef="key-888adf72d7489c3b805be41f89b28adf">article 25D (operating a multilateral trading facility);</Addition>
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<Pnumber>d</Pnumber>
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<Text>article 37 (managing investments);</Text>
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<Pnumber>
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<P3para>
<Text>
<Addition ChangeId="key-e6365d6b826fdaee2e1e5e08fc5f3a11-1676778606094" CommentaryRef="key-e6365d6b826fdaee2e1e5e08fc5f3a11">article 39A (assisting in the administration and performance of a contract of insurance);</Addition>
</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/uksi/2001/1201/article/5/1/e/2016-03-21" IdURI="http://www.legislation.gov.uk/id/uksi/2001/1201/article/5/1/e" id="article-5-1-e">
<Pnumber>e</Pnumber>
<P3para>
<Text>article 40 (safeguarding and administering investments);</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/uksi/2001/1201/article/5/1/f/2016-03-21" IdURI="http://www.legislation.gov.uk/id/uksi/2001/1201/article/5/1/f" id="article-5-1-f">
<Pnumber>f</Pnumber>
<P3para>
<Text>article 45 (sending dematerialised instructions);</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/uksi/2001/1201/article/5/1/g/2016-03-21" IdURI="http://www.legislation.gov.uk/id/uksi/2001/1201/article/5/1/g" id="article-5-1-g">
<Pnumber>
<Substitution ChangeId="key-642fe59c289d0e58016261735682db91-1676820323081" CommentaryRef="key-642fe59c289d0e58016261735682db91">ga</Substitution>
</Pnumber>
<P3para>
<Text>
<Substitution ChangeId="key-642fe59c289d0e58016261735682db91-1676820323081" CommentaryRef="key-642fe59c289d0e58016261735682db91">article 51ZA (managing a </Substitution>
<Acronym Expansion="Undertakings for Collective Investment in Transferable Securities">
<Substitution ChangeId="key-642fe59c289d0e58016261735682db91-1676820323081" CommentaryRef="key-642fe59c289d0e58016261735682db91">UCITS</Substitution>
</Acronym>
<Substitution ChangeId="key-642fe59c289d0e58016261735682db91-1676820323081" CommentaryRef="key-642fe59c289d0e58016261735682db91">);</Substitution>
</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/uksi/2001/1201/article/5/1/gb/2016-03-21" IdURI="http://www.legislation.gov.uk/id/uksi/2001/1201/article/5/1/gb" id="article-5-1-gb">
<Pnumber>
<Substitution ChangeId="key-642fe59c289d0e58016261735682db91-1676820323081" CommentaryRef="key-642fe59c289d0e58016261735682db91">gb</Substitution>
</Pnumber>
<P3para>
<Text>
<Substitution ChangeId="key-642fe59c289d0e58016261735682db91-1676820323081" CommentaryRef="key-642fe59c289d0e58016261735682db91">article 51ZB (acting as a trustee or depositary of a </Substitution>
<Substitution ChangeId="key-642fe59c289d0e58016261735682db91-1676820323081" CommentaryRef="key-642fe59c289d0e58016261735682db91">UCITS</Substitution>
<Substitution ChangeId="key-642fe59c289d0e58016261735682db91-1676820323081" CommentaryRef="key-642fe59c289d0e58016261735682db91">);</Substitution>
</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/uksi/2001/1201/article/5/1/gc/2016-03-21" IdURI="http://www.legislation.gov.uk/id/uksi/2001/1201/article/5/1/gc" id="article-5-1-gc">
<Pnumber>
<Substitution ChangeId="key-642fe59c289d0e58016261735682db91-1676820323081" CommentaryRef="key-642fe59c289d0e58016261735682db91">gc</Substitution>
</Pnumber>
<P3para>
<Text>
<Substitution ChangeId="key-642fe59c289d0e58016261735682db91-1676820323081" CommentaryRef="key-642fe59c289d0e58016261735682db91">article 51ZC (managing an AIF);</Substitution>
</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/uksi/2001/1201/article/5/1/gd/2016-03-21" IdURI="http://www.legislation.gov.uk/id/uksi/2001/1201/article/5/1/gd" id="article-5-1-gd">
<Pnumber>
<Substitution ChangeId="key-642fe59c289d0e58016261735682db91-1676820323081" CommentaryRef="key-642fe59c289d0e58016261735682db91">gd</Substitution>
</Pnumber>
<P3para>
<Text>
<Substitution ChangeId="key-642fe59c289d0e58016261735682db91-1676820323081" CommentaryRef="key-642fe59c289d0e58016261735682db91">article 51ZD (acting as a trustee or depositary of an AIF);</Substitution>
</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/uksi/2001/1201/article/5/1/ge/2016-03-21" IdURI="http://www.legislation.gov.uk/id/uksi/2001/1201/article/5/1/ge" id="article-5-1-ge">
<Pnumber>
<Substitution ChangeId="key-642fe59c289d0e58016261735682db91-1676820323081" CommentaryRef="key-642fe59c289d0e58016261735682db91">ge</Substitution>
</Pnumber>
<P3para>
<Text>
<Substitution ChangeId="key-642fe59c289d0e58016261735682db91-1676820323081" CommentaryRef="key-642fe59c289d0e58016261735682db91">article 51ZE (establishing </Substitution>
<Abbreviation Expansion="et cetera" xml:lang="la">
<Substitution ChangeId="key-642fe59c289d0e58016261735682db91-1676820323081" CommentaryRef="key-642fe59c289d0e58016261735682db91">etc.</Substitution>
</Abbreviation>
<Substitution ChangeId="key-642fe59c289d0e58016261735682db91-1676820323081" CommentaryRef="key-642fe59c289d0e58016261735682db91"> a collective investment scheme);</Substitution>
</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/uksi/2001/1201/article/5/1/h/2016-03-21" IdURI="http://www.legislation.gov.uk/id/uksi/2001/1201/article/5/1/h" id="article-5-1-h">
<Pnumber>h</Pnumber>
<P3para>
<Text>
article 52 (establishing etc. a
<CommentaryRef Ref="key-693b24e808eddbb614c4155a1bcf25a1"/>
... pension scheme);
</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/uksi/2001/1201/article/5/1/i/2016-03-21" IdURI="http://www.legislation.gov.uk/id/uksi/2001/1201/article/5/1/i" id="article-5-1-i">
<Pnumber>i</Pnumber>
<P3para>
<Text>article 53 (advising on investments).</Text>
</P3para>
</P3>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/uksi/2001/1201/article/5/2/2016-03-21" IdURI="http://www.legislation.gov.uk/id/uksi/2001/1201/article/5/2" id="article-5-2">
<Pnumber>2</Pnumber>
<P2para>
<Text>Subject to the limitation, if any, expressed in relation to him, each of the persons listed in Part IV of the Schedule is exempt from the general prohibition in respect of any regulated activity of the kind referred to in relation to him, or an activity of the kind specified by article 64 of the Regulated Activities Order so far as relevant to any such activity.</Text>
</P2para>
</P2>
</P1para>
</P1>
</P1group>
<P1group RestrictStartDate="2001-12-01">
<Title> Transitional exemption for credit unions</Title>
<P1 DocumentURI="http://www.legislation.gov.uk/uksi/2001/1201/article/6/2016-03-21" IdURI="http://www.legislation.gov.uk/id/uksi/2001/1201/article/6" id="article-6">
<Pnumber>6</Pnumber>
<P1para>
<Text>
A credit union, within the meaning
<CommentaryRef Ref="key-ce527ea510f98c7a9dd2d77e7bc93df2"/>
..., is exempt from the general prohibition in respect of any regulated activity of the kind specified by article 5 of the Regulated Activities Order, but only until 1st July 2002.
</Text>
</P1para>
</P1>
</P1group>
<SignedSection DocumentURI="http://www.legislation.gov.uk/uksi/2001/1201/signature/2016-03-21" IdURI="http://www.legislation.gov.uk/id/uksi/2001/1201/signature" RestrictStartDate="2001-12-01">
<Signatory>
<Signee>
<PersonName> Jim Dowd</PersonName>
<PersonName> Greg Pope</PersonName>
<JobTitle>Two of the Lords Commissioners of Her Majesty’s Treasury</JobTitle>
<DateSigned Date="2001-03-26">
<DateText/>
</DateSigned>
</Signee>
</Signatory>
</SignedSection>
</Body>
</Secondary>
<Commentaries>
<Commentary id="c15546041" Type="M">
<Para>
<Text>
<Citation URI="http://www.legislation.gov.uk/id/ukpga/1993/10" id="c00003" Year="1993" Class="UnitedKingdomPublicGeneralAct" Number="10">1993 c. 10</Citation>
.
</Text>
</Para>
</Commentary>
<Commentary id="c15546051" Type="M">
<Para>
<Text>
<Citation URI="http://www.legislation.gov.uk/id/apni/1964/33" id="c00004" Class="NorthernIrelandParliamentAct" Year="1964" Number="33">1964 c. 33 (N.I.)</Citation>
.
</Text>
</Para>
</Commentary>
<Commentary id="c15546061" Type="M">
<Para>
<Text>
<Citation URI="http://www.legislation.gov.uk/id/ukpga/1979/34" id="c00005" Year="1979" Class="UnitedKingdomPublicGeneralAct" Number="34">1979 c. 34</Citation>
; amended by the
<Citation URI="http://www.legislation.gov.uk/id/uksi/1996/1189" id="c00006" Class="UnitedKingdomStatutoryInstrument" Year="1996" Number="1189" Title="Deregulation (Credit Unions) Order 1996">Deregulation (Credit Unions) Order 1996 (S.I. 1996/1189)</Citation>
.
</Text>
</Para>
</Commentary>
<Commentary id="c15546071" Type="M">
<Para>
<Text>
<Citation URI="http://www.legislation.gov.uk/id/nisi/1985/1205" id="c00007" Class="NorthernIrelandOrderInCouncil" Year="1985" Number="1205">S.I. 1985/1205 (N.I. 12)</Citation>
; relevant amendments are made by paragraphs 28 and 29 of Schedule 21 to the
<Citation URI="http://www.legislation.gov.uk/id/ukpga/1992/40" id="c00008" Year="1992" Class="UnitedKingdomPublicGeneralAct" Number="40" Title="Friendly Societies Act 1992">Friendly Societies Act 1992 (c. 40)</Citation>
, and by
<Citation URI="http://www.legislation.gov.uk/id/nisi/1997/2984" id="c00009" Class="NorthernIrelandOrderInCouncil" Year="1997" Number="2984">S.I. 1997/2984 (N.I. 22)</Citation>
.
</Text>
</Para>
</Commentary>
<Commentary id="c15546081" Type="M">
<Para>
<Text>
<Citation URI="http://www.legislation.gov.uk/id/ukpga/1972/70" id="c00010" Year="1972" Class="UnitedKingdomPublicGeneralAct" Number="70">1972 c. 70</Citation>
; the definition of “local authority" in section 270 has been repealed in part by Schedule 17 to the
<Citation URI="http://www.legislation.gov.uk/id/ukpga/1985/51" id="c00011" Year="1985" Class="UnitedKingdomPublicGeneralAct" Number="51" Title="Local Government Act 1985">Local Government Act 1985 (c. 51)</Citation>
, and amended by section 1(5) of the
<Citation URI="http://www.legislation.gov.uk/id/ukpga/1994/19" id="c00012" Year="1994" Class="UnitedKingdomPublicGeneralAct" Number="19" Title="Local Government (Wales) Act 1994">Local Government (Wales) Act 1994 (c. 19)</Citation>
.
</Text>
</Para>
</Commentary>
<Commentary id="c15546091" Type="M">
<Para>
<Text>
<Citation URI="http://www.legislation.gov.uk/id/ukpga/1973/65" id="c00013" Year="1973" Class="UnitedKingdomPublicGeneralAct" Number="65">1973 c. 65</Citation>
; the definition of “local authority" in section 235 was substituted by paragraph 92(66) of Schedule 13 to the
<Citation URI="http://www.legislation.gov.uk/id/ukpga/1994/39" id="c00014" Year="1994" Class="UnitedKingdomPublicGeneralAct" Number="39" Title="Local Government etc. (Scotland) Act 1994">Local Government etc. (Scotland) Act 1994 (c. 39)</Citation>
.
</Text>
</Para>
</Commentary>
<Commentary id="c15546101" Type="M">
<Para>
<Text>
<Citation URI="http://www.legislation.gov.uk/id/apni/1972/9" id="c00015" Class="NorthernIrelandParliamentAct" Year="1972" Number="9">1972 c. 9 (N.I.)</Citation>
.
</Text>
</Para>
</Commentary>
<Commentary id="c15546111" Type="M">
<Para>
<Text>
<Citation URI="http://www.legislation.gov.uk/id/uksi/2001/544" id="c00016" Class="UnitedKingdomStatutoryInstrument" Year="2001" Number="544">S.I. 2001/544</Citation>
.
</Text>
</Para>
</Commentary>
<Commentary id="key-642fe59c289d0e58016261735682db91" Type="F">
<Para>
<Text>
<CitationSubRef id="cvxsk5794-00005" StartSectionRef="article-5-1-ga" EndSectionRef="article-5-1-ge" URI="http://www.legislation.gov.uk/id/uksi/2001/1201/article/5/1/ga" UpTo="http://www.legislation.gov.uk/id/uksi/2001/1201/article/5/1/ge">Art. 5(1)(ga)-(ge)</CitationSubRef>
substituted for art. 5(1)(g) (22.7.2013) by
<Citation URI="http://www.legislation.gov.uk/id/uksi/2013/1773" id="cvxsk5794-00006" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="1773" Title="The Alternative Investment Fund Managers Regulations 2013">The Alternative Investment Fund Managers Regulations 2013 (S.I. 2013/1773)</Citation>
,
<CitationSubRef CitationRef="cvxsk5794-00006" id="cvxsk5794-00007" SectionRef="regulation-1" URI="http://www.legislation.gov.uk/id/uksi/2013/1773/regulation/1">reg. 1</CitationSubRef>
,
<CitationSubRef CitationRef="cvxsk5794-00006" id="cvxsk5794-00008" SectionRef="schedule-2-paragraph-8-2" URI="http://www.legislation.gov.uk/id/uksi/2013/1773/schedule/2/paragraph/8/2" Operative="true">Sch. 2 para. 8(2)</CitationSubRef>
</Text>
</Para>
</Commentary>
<Commentary id="key-693b24e808eddbb614c4155a1bcf25a1" Type="F">
<Para>
<Text>
Word in
<CitationSubRef id="cvx8ea854-00006" SectionRef="article-5-1-h" URI="http://www.legislation.gov.uk/id/uksi/2001/1201/article/5/1/h">art. 5(1)(h)</CitationSubRef>
omitted (6.4.2007) by virtue of
<Citation URI="http://www.legislation.gov.uk/id/uksi/2006/1969" id="cvx8ea854-00007" Class="UnitedKingdomStatutoryInstrument" Year="2006" Number="1969" Title="The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2006">The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2006 (S.I. 2006/1969)</Citation>
,
<CitationSubRef CitationRef="cvx8ea854-00007" id="cvx8ea854-00008" SectionRef="article-1-3" URI="http://www.legislation.gov.uk/id/uksi/2006/1969/article/1/3">arts. 1(3)</CitationSubRef>
,
<CitationSubRef CitationRef="cvx8ea854-00007" id="cvx8ea854-00009" SectionRef="article-10" URI="http://www.legislation.gov.uk/id/uksi/2006/1969/article/10" Operative="true">10</CitationSubRef>
</Text>
</Para>
</Commentary>
<Commentary id="key-888adf72d7489c3b805be41f89b28adf" Type="F">
<Para>
<Text>
<CitationSubRef id="cvx8y84a4-00006" SectionRef="article-5-1-ca" URI="http://www.legislation.gov.uk/id/uksi/2001/1201/article/5/1/ca">Art. 5(1)(ca)</CitationSubRef>
inserted (1.11.2007) by
<Citation URI="http://www.legislation.gov.uk/id/uksi/2007/125" id="cvx8y84a4-00007" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="125" Title="The Financial Services and Markets Act 2000 (Exemption) (Amendment) Order 2007">The Financial Services and Markets Act 2000 (Exemption) (Amendment) Order 2007 (S.I. 2007/125)</Citation>
,
<CitationSubRef CitationRef="cvx8y84a4-00007" id="cvx8y84a4-00008" SectionRef="article-1" URI="http://www.legislation.gov.uk/id/uksi/2007/125/article/1">arts. 1</CitationSubRef>
,
<CitationSubRef CitationRef="cvx8y84a4-00007" id="cvx8y84a4-00009" SectionRef="article-4" URI="http://www.legislation.gov.uk/id/uksi/2007/125/article/4" Operative="true">4</CitationSubRef>
</Text>
</Para>
</Commentary>
<Commentary id="key-cdfa9c3dddde70b94e1823d760db7195" Type="F">
<Para>
<Text>
Words in
<CitationSubRef id="cvx8v5rd4-00006" SectionRef="article-2" URI="http://www.legislation.gov.uk/id/uksi/2001/1201/article/2">art. 2</CitationSubRef>
inserted (1.11.2007) by
<Citation URI="http://www.legislation.gov.uk/id/uksi/2007/125" id="cvx8v5rd4-00007" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="125" Title="The Financial Services and Markets Act 2000 (Exemption) (Amendment) Order 2007">The Financial Services and Markets Act 2000 (Exemption) (Amendment) Order 2007 (S.I. 2007/125)</Citation>
,
<CitationSubRef CitationRef="cvx8v5rd4-00007" id="cvx8v5rd4-00008" SectionRef="article-1" URI="http://www.legislation.gov.uk/id/uksi/2007/125/article/1">arts. 1</CitationSubRef>
,
<CitationSubRef CitationRef="cvx8v5rd4-00007" id="cvx8v5rd4-00009" SectionRef="article-3" URI="http://www.legislation.gov.uk/id/uksi/2007/125/article/3" Operative="true">3</CitationSubRef>
</Text>
</Para>
</Commentary>
<Commentary id="key-ce527ea510f98c7a9dd2d77e7bc93df2" Type="F">
<Para>
<Text>
Words in
<CitationSubRef id="cvtkuvrv4-00006" SectionRef="article-6" URI="http://www.legislation.gov.uk/id/uksi/2001/1201/article/6">art. 6</CitationSubRef>
omitted (1.12.2001) by virtue of
<Citation URI="http://www.legislation.gov.uk/id/uksi/2001/3623" id="cvtkuvrv4-00007" Class="UnitedKingdomStatutoryInstrument" Year="2001" Number="3623" Title="The Financial Services and Markets Act 2000 (Exemption) (Amendment) Order 2001">The Financial Services and Markets Act 2000 (Exemption) (Amendment) Order 2001 (S.I. 2001/3623)</Citation>
,
<CitationSubRef CitationRef="cvtkuvrv4-00007" id="cvtkuvrv4-00008" SectionRef="article-1" URI="http://www.legislation.gov.uk/id/uksi/2001/3623/article/1">arts. 1</CitationSubRef>
,
<CitationSubRef CitationRef="cvtkuvrv4-00007" id="cvtkuvrv4-00009" SectionRef="article-3" URI="http://www.legislation.gov.uk/id/uksi/2001/3623/article/3" Operative="true">3</CitationSubRef>
</Text>
</Para>
</Commentary>
<Commentary id="key-e24f260147311c4cec6509ca7f930817" Type="F">
<Para>
<Text>
Words in
<CitationSubRef id="cvx50ezr4-00006" SectionRef="article-2" URI="http://www.legislation.gov.uk/id/uksi/2001/1201/article/2">art. 2</CitationSubRef>
substituted (1.4.2006) by
<Citation URI="http://www.legislation.gov.uk/id/uksi/2006/242" id="cvx50ezr4-00007" Class="UnitedKingdomStatutoryInstrument" Year="2006" Number="242" Title="The Charities and Trustee Investment (Scotland) Act 2005 (Consequential Provisions and Modifications) Order 2006">The Charities and Trustee Investment (Scotland) Act 2005 (Consequential Provisions and Modifications) Order 2006 (S.I. 2006/242)</Citation>
,
<CitationSubRef CitationRef="cvx50ezr4-00007" id="cvx50ezr4-00008" SectionRef="article-1-3" URI="http://www.legislation.gov.uk/id/uksi/2006/242/article/1/3">art. 1(3)</CitationSubRef>
,
<CitationSubRef CitationRef="cvx50ezr4-00007" id="cvx50ezr4-00009" SectionRef="schedule-paragraph-11" URI="http://www.legislation.gov.uk/id/uksi/2006/242/schedule/paragraph/11" Operative="true">Sch. para. 11</CitationSubRef>
</Text>
</Para>
</Commentary>
<Commentary id="key-e6365d6b826fdaee2e1e5e08fc5f3a11" Type="F">
<Para>
<Text>
<CitationSubRef id="cvx3qasp4-00006" SectionRef="article-5-1-da" URI="http://www.legislation.gov.uk/id/uksi/2001/1201/article/5/1/da">Art. 5(1)(da)</CitationSubRef>
inserted (14.1.2005) by
<Citation URI="http://www.legislation.gov.uk/id/uksi/2003/1675" id="cvx3qasp4-00007" Class="UnitedKingdomStatutoryInstrument" Year="2003" Number="1675" Title="The Financial Services and Markets Act 2000 (Exemption) (Amendment) (No. 2) Order 2003">The Financial Services and Markets Act 2000 (Exemption) (Amendment) (No. 2) Order 2003 (S.I. 2003/1675)</Citation>
,
<CitationSubRef CitationRef="cvx3qasp4-00007" id="cvx3qasp4-00008" SectionRef="article-1-3" URI="http://www.legislation.gov.uk/id/uksi/2003/1675/article/1/3">arts. 1(3)</CitationSubRef>
,
<CitationSubRef CitationRef="cvx3qasp4-00007" id="cvx3qasp4-00009" SectionRef="article-2-3" URI="http://www.legislation.gov.uk/id/uksi/2003/1675/article/2/3" Operative="true">2(3)</CitationSubRef>
</Text>
</Para>
</Commentary>
<Commentary id="key-e6cbd8df04afb39a67ab72cdceb1924b" Type="F">
<Para>
<Text>
Words in
<CitationSubRef id="cvx3ny7n4-00006" SectionRef="article-2" URI="http://www.legislation.gov.uk/id/uksi/2001/1201/article/2">art. 2</CitationSubRef>
inserted (14.1.2005) by
<Citation URI="http://www.legislation.gov.uk/id/uksi/2003/1675" id="cvx3ny7n4-00007" Class="UnitedKingdomStatutoryInstrument" Year="2003" Number="1675" Title="The Financial Services and Markets Act 2000 (Exemption) (Amendment) (No. 2) Order 2003">The Financial Services and Markets Act 2000 (Exemption) (Amendment) (No. 2) Order 2003 (S.I. 2003/1675)</Citation>
,
<CitationSubRef CitationRef="cvx3ny7n4-00007" id="cvx3ny7n4-00008" SectionRef="article-1-3" URI="http://www.legislation.gov.uk/id/uksi/2003/1675/article/1/3">arts. 1(3)</CitationSubRef>
,
<CitationSubRef CitationRef="cvx3ny7n4-00007" id="cvx3ny7n4-00009" SectionRef="article-2-2" URI="http://www.legislation.gov.uk/id/uksi/2003/1675/article/2/2" Operative="true">2(2)</CitationSubRef>
</Text>
</Para>
</Commentary>
</Commentaries>
</Legislation>