PART 3Amendment and revocation of secondary legislation

The Financial Services and Markets Act 2000 (Exemption) Order 2001I17

1

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

2

In article 2, omit the definition of “credit institution”M2 and insert in the appropriate place—

“qualifying credit institution” has the meaning given by article 3 of the Regulated Activities Order M3;

3

In the Schedule in paragraph 40(3) M4, for “credit institution” substitute “ qualifying credit institution ”.