The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2004

• Citation: S.I. 2004/1610
• Sections: 3

Section 1 Citation, commencement and interpretation

(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 ;

“the Regulated Activities Order ” means the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 .

Section 2 Amendment of the Insurance Mediation Order

In article 20 of the Insurance Mediation Order (amendment of section 49 of the Act ), paragraph (3) shall be revoked .

Section 3 Amendment of the Regulated Activities Order

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—

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.