C1PART 5Amendments to other secondary legislation

Annotations:

C1The Financial Services and Markets Act 2000 (Exemption) Order 2001I1C1177

1

The Financial Services and Markets Act 2000 (Exemption) Order 2001 M1 is amended as follows.

2

In Part 1 of the Schedule M2 (persons exempt in respect of any regulated activity other than insurance business) omit paragraphs 2 to 6.

3

In Part 4 of the Schedule (persons exempt in respect of particular regulated activities), in paragraph 48 (social housing)—

a

in sub-paragraph (1A)(b)(i), for “the mortgages directive does not apply by virtue of Article 3(2) of that directive” substitute “ section 423A(3) of the Act applies ”;

b

in sub-paragraph (4), in the definition of “bridging loan”, for “Article 4(23) of the mortgages directive” substitute “ article 60G(9) of the Regulated Activities Order ”.