2021 No. 1127

Financial Services And Markets

The Financial Services and Markets Act 2000 (Exemption) (Amendment) Order 2021

Made

Laid before Parliament

Coming into force

The Treasury make the following Order in exercise of the powers conferred by section 38 of the Financial Services and Markets Act 20001.

Citation and commencement1

This Order may be cited as the Financial Services and Markets Act 2000 (Exemption) (Amendment) Order 2021 and comes into force on 1st November.

Amendment of the Financial Services and Markets Act 2000 (Exemption) Order 20012

1

The Financial Services and Markets Act 2000 (Exemption) Order 20012 is amended as follows.

2

In Part 1 of the Schedule (persons exempt in respect of any regulated activity other than insurance business), after paragraph 15C, insert—

15D

UK Infrastructure Bank Limited.

Rebecca HarrisMichael TomlinsonTwo of the Lords Commissioners of Her Majesty’s Treasury
EXPLANATORY NOTE

(This note is not part of the Order)

This Order amends the Financial Services and Markets Act 2000 (Exemption) Order 2001 (S.I. 2001/1201) (“the Principal Order”).

The Principal Order exempts certain persons from the general prohibition set out in section 19 of the Financial Services and Markets Act 2000 (c.8), which provides that no person may carry on a regulated activity within the UK unless that person is either authorised or exempt.

This Order amends the Principal Order by adding UK Infrastructure Bank Limited to the list of persons in Part 1 of the Schedule who are exempt in respect of any regulated activity other than insurance business.

An impact assessment has not been produced for this instrument as no, or no significant, impact on business or the voluntary sector is foreseen.