Statutory Instruments
2004 No. 1610
FINANCIAL SERVICES AND MARKETS
The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2004
Made
24th June 2004
Laid before Parliament
24th June 2004
Coming into force
15th July 2004
The Treasury, in exercise of the powers conferred upon them by sections 22(1) and (5), 428(3) and paragraph 25 of Schedule 2 to the Financial Services and Markets Act 2000( 1 ), hereby make the following Order:
Citation, commencement and interpretation
1. —(1) This Order may be cited as the Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2004.
(2) This Order comes into force on 15th July 2004.
(3) In this Order—
“the Insurance Mediation Order” means the Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) (No. 2) Order 2003( 2 );
“the Regulated Activities Order” means the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001( 3 ).
Amendment of the Insurance Mediation Order
2. In article 20 of the Insurance Mediation Order (amendment of section 49 of the Act), paragraph (3) shall be revoked( 4 ).
Amendment of the Regulated Activities Order
3. After article 96 of the Regulated Activities Order (exclusion from the record where Authority has exercised its powers under Part 20 of the Act), insert—
“ PART 6 MISCELLANEOUS
Disapplication of section 49(2) of the Act
97. In section 49 of the Act (persons connected with an applicant for Part 4 permission), after subsection (2) insert—
“ (2A) But subsection (2) does not apply to the extent that the permission relates to—
(a) an insurance mediation activity (within the meaning given by paragraph 2(5) of Schedule 6); or
(b) a regulated activity involving a regulated mortgage contract. ” . ”
Jim Murphy
Joan Ryan
Two of the Lords Commissioners of Her Majesty’s Treasury
24th June 2004