F1PART 7Transitional and saving provision: exemption from the general prohibition
CHAPTER 1Exemption from the general prohibition
Exemption from the general prohibition under Part 2 of the Financial Services and Markets Act 200047.
(1)
A person to whom this regulation applies is an exempt person for the purposes of section 19(1)(b) of the 2000 Act (the general prohibition).
(2)
The exemption has effect only in respect of a regulated activity specified (by reference to regulations 49 to 51) in regulation 52.