Explanatory Note
(This note is not part of the Order)
This Order amends the Financial Services and Markets Act 2000 (Misleading Statements and Practices) Order 2001 (“the principal Order”). That Order specifies certain kinds of activity and investment for the purposes of section 397 of the Financial Services and Markets Act 2000 (“the Act”).
Article 2 amends articles 2 and 3 of the principal Order, with the effect that arranging qualifying credit and advising on qualifying credit are specified as activities for the purposes of section 397(9)(a) of the Act.