Statutory Instruments
2025 No. 250
FINANCIAL SERVICES AND MARKETS
The Financial Services and Markets Act 2000 (Exemption) (Amendment) Order 2025
Made
3rd March 2025
Laid before Parliament
5th March 2025
Coming into force
31st March 2025
The Treasury make this Order in exercise of the powers conferred by section 38 of the Financial Services and Markets Act 2000(1).
Citation, commencement and extent
1.—(1) This Order may be cited as the Financial Services and Markets Act 2000 (Exemption) (Amendment) Order 2025.
(2) This Order comes into force on 31st March 2025.
(3) This Order extends to England and Wales, Scotland, and Northern Ireland.
Amendment of the Financial Services and Markets Act 2000 (Exemption) Order 2001
2.—(1) The Financial Services and Markets Act 2000 (Exemption) Order 2001(2) is amended as follows.
(2) After article 3 insert—
“Persons exempt in respect of any regulated activity
3A. Each of the persons listed in Part 1A of the Schedule is exempt from the general prohibition in respect of any regulated activity.”.
(3) In Part I of the Schedule (persons exempt in respect of any regulated activity other than insurance business), omit paragraph 15D(3).
(4) After Part I of the Schedule, insert—
“Part 1A PERSONS EXEMPT IN RESPECT OF ANY REGULATED ACTIVITY
15E. National Wealth Fund Limited(4).”.
Vicky Foxcroft
Jeff Smith
Two of the Lords Commissioners of His Majesty's Treasury
3rd March 2025
Paragraph 15D was inserted by S.I. 2021/1127.
National Wealth Fund Limited was formerly known as UK Infrastructure Bank Limited. The name was changed at Companies House on 14th October 2024.