The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2016

The Treasury are a government department designatedM1 for the purposes of section 2(2) of the European Communities Act 1972M2 in relation to financial services.

In the opinion of the Treasury, one of the effects of this Order is that an activity which is not a regulated activity, within the meaning of the Financial Services and Markets Act 2000M3, will become a regulated activity.

A draft of this Order has been laid before and approved by a resolution of each House of Parliament in accordance with paragraphs 2 and 2A of Schedule 2 to the European Communities Act 1972M4, section 429(3) and (4) of, and paragraph 26(2) of Schedule 2 to, the Financial Services and Markets Act 2000M5 and sections 6(10) and 161(4) of the Small Business, Enterprise and Employment Act 2015M6.

The Treasury make this Order in exercise of the powers conferred on them by section 2(2) of the European Communities Act 1972, sections 21(9), (10) and (15), 22(1) and (5), 38, 39 and 428(3) of, and paragraph 25 of Schedule 2 to, the Financial Services and Markets Act 2000M7 and sections 5(3) and 161(2)(d) of the Small Business, Enterprise and Employment Act 2015.