This Order may be cited as the Financial Services and Markets Act 2000 (Exemption) (Amendment) Order 2003 and comes into force on 1st March 2003.
Specified date: 1 March 2003: see above.
In Part I of the Schedule to the Financial Services and Markets Act 2000 (Exemption) Order 2001 (persons exempt in respect of any regulated activity other than insurance business), after paragraph 15, insert—
“15ABank for International Settlements.”.
Specified date: 1 March 2003: see art 1.
Jim Fitzpatrick
Philip Woolas
Two of the Lords Commissioners of Her Majesty's Treasury
14th January 2003
This Order amends the Financial Services and Markets Act 2000 (Exemption) Order 2001 (SI 2001/1201) (“the Exemption Order”). That Order provides for certain persons to be exempt from the general prohibition which is imposed by section 19 of the Financial Services and Markets Act 2000 on carrying on a regulated activity in the United Kingdom unless authorised under that Act. This Order provides that the Bank for International Settlements is exempt from the general prohibition in respect of any regulated activity other than effecting or carrying out contracts of insurance. This Order does not contain any provision that restricts or removes an exemption provided by the Exemption Order.
