Statutory Instruments
2001 No. 996
FINANCIAL SERVICES AND MARKETS
The Financial Services and Markets Act 2000 (Prescribed Markets and Qualifying Investments) Order 2001
Made
15th March 2001
Laid before Parliament
15th March 2001
Coming into force in accordance with article 2
The Treasury, in exercise of the powers conferred upon them by section 118(3) of the Financial Services and Markets Act 2000( 1 ), hereby make the following Order:
Citation
1. This Order may be cited as the Financial Services and Markets Act 2000 (Prescribed Markets and Qualifying Investments) Order 2001.
Commencement
2. This Order comes into force on the day on which section 123 of the Act (power to impose penalties in cases of market abuse) comes into force.
Interpretation
3. In this Order—
“the Act” means the Financial Services and Markets Act 2000 ; and
“UK recognised investment exchange” means a body corporate or unincorporated association in respect of which there is in effect a recognition order made under section 290(1)(a) of the Act (recognition orders in respect of investment exchanges other than overseas investment exchanges).
Prescribed markets
4. There are prescribed, as markets to which section 118 of the Act applies, all markets which are established under the rules of a UK recognised investment exchange.
Qualifying investments
5. There are prescribed, as qualifying investments in relation to the markets prescribed by article 4, all investments of a kind specified for the purposes of section 22 of the Act.
David Clelland
Clive Betts
Two of the Lords Commissioners of Her Majesty’s Treasury
15th March 2001