The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001

Meaning of “financial institution”

361.—(1) Paragraph 6 of Schedule 6 to the Terrorism Act 2000 (financial information) is amended as follows.

(2) In sub-paragraph (1)(1)—

(a) for paragraph (a) substitute—

“(a) a person who has permission under Part 4 of the Financial Services and Markets Act 2000 to accept deposits,”;

(b) paragraph (b) is repealed; and

(c) for paragraph (d) substitute—

“(d) a person carrying on a relevant regulated activity,”.

(3) After sub-paragraph (1) of paragraph 6 insert—

“(1A) For the purposes of sub-paragraph (1)(d), a relevant regulated activity means—

(a) dealing in investments as principal or as agent,

(b) arranging deals in investments,

(c) managing investments,

(d) safeguarding and administering investments,

(e) sending dematerialised instructions,

(f) establishing etc. collective investment schemes,

(g) advising on investments.

(1B) Sub-paragraphs (1)(a) and (1A) must be read with—

(a) section 22 of the Financial Services and Markets Act 2000;

(b) any relevant order under that section; and

(c) Schedule 2 to that Act.”.

(1)

Sub-paragraph (1) was amended by S.I. 2000/2952.