The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) (No.2) Order 2006

  1. Introductory Text

  2. PART 1

    1. 1.Citation and commencement

  3. PART 2

    1. 2.Amendments of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001

    2. 3.Definitions

    3. 4.Arranging regulated home reversion plans and regulated home purchase plans

    4. 5.Exclusion of arrangements not causing a deal

    5. 6.Exclusion where a person provides a means of communication between parties

    6. 7.Exclusion where the arranger is a party to the contract or plan

    7. 8.Exclusion of arrangements where transaction is with or through an authorised person

    8. 9.Exclusion made in the course of administration by an authorised person

    9. 10.Exclusion of arrangements which consist of introduction to an authorised person etc. for independent advice

    10. 11.Exclusion of certain other arrangements consisting of an introduction to an authorised person etc.

    11. 12.Other exclusions: arranging

    12. 13.Advising on regulated home reversion plans and regulated home purchase plans

    13. 14.Exclusion of advice given in newspapers etc.

    14. 15.Exclusion of advice given in the course of administration by authorised person

    15. 16.Other exclusions: advising

    16. 17.Regulated mortgage contracts

    17. 18.Entering into and administering regulated home reversion plans and regulated home purchase plans

    18. 19.Exclusion of trustees, nominees and personal representatives

    19. 20.Exclusion of activities carried on in the course of a profession or non-investment business

    20. 21.Overseas persons

    21. 22.Business Angel-led Enterprise Capital Funds: interpretation

    22. 23.Specified investments

    23. 24.Rights to or interests in investments

  4. PART 3

    1. 25.Amendments of the Consumer Credit Act 1974

    2. 26.Amendments of the Companies Act 1985

    3. 27.Amendments of the Law of Property (Miscellaneous Provisions) Act 1989

    4. 28.Amendment of the Financial Services and Markets Act 2000

  5. PART 4

    1. 29.Amendments of the Financial Services and Markets Act 2000 (Carrying on Regulated Activities by Way of Business) Order 2001

    2. 30.Amendments of the Financial Services and Markets Act 2000 (Exemption) Order 2001

    3. 31.Amendments of the Financial Services and Markets Act 2000 (Appointed Representatives) Regulations 2001

    4. 32.Amendments of the Financial Services and Markets Act 2000 (Professions) (Non-Exempt Activities) Order 2001

    5. 33.Amendment of the Money Laundering Regulations 2003

    6. 34.Amendments of the Consumer Credit (Advertisement) Regulations 2004

    7. 35.Amendments of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005

  6. PART 5

    1. 36.Interpretation

    2. 37.Interim permission

    3. 38.Interim approval

    4. 39.Application of the Authority’s rules etc. to persons with an interim permission or an interim approval

    5. 40.Application of the Act etc.

  7. Signature

    1. SCHEDULE

      APPLICATION OF THE ACT AND THE REGULATED ACTIVITIES ORDER TO PERSONS WITH AN INTERIM PERMISSION OR AN INTERIM APPROVAL

      1. 1.Paragraphs 2 and 3 apply to every person with an...

      2. 2.For the purposes of section 20 (authorised persons acting without...

      3. 3.A person’s interim permission is to be disregarded for the...

      4. 4.Paragraphs 5(1) and 6 to 10 apply to a person...

      5. 5.(1) A person with an interim permission is to be...

      6. 6.For the purposes of section 21(2) (restrictions on financial promotion),...

      7. 7.A person with an interim permission may still be an...

      8. 8.Subsection (3)(a) of section 213 (the compensation scheme) does not...

      9. 9.In article 29 of the Regulated Activities Order (arranging deals...

      10. 10.In sub-paragraph (a) of both paragraphs (2) and (3) of...

  9. Explanatory Note