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The Financial Services and Markets Act 2000 (Exemption) (Amendment) Order 2022

By Simon Lovegrove (UK) on February 8, 2022

On 7 February 2022, there was published on the legislation.gov.uk webpage The Financial Services and Markets Act 2000 (Exemption) (Amendment) Order 2022 together with an explanatory memorandum.

The Order amends the Financial Services and Markets Act 2000 (Exemption) Order 2001 (the Exemption Order), which provides for certain persons to be exempt from the general prohibition imposed by section 19 of the Financial Services and Markets Act 2000. Specifically, Article 2 of the Order adds Norges Bank, the Norwegian central bank, to Part IV of the Schedule to the Exemption Order and, in combination with Article 5(2) of the Exemption Order, exempts Norges Bank from requiring authorisation in respect of activities specified by Articles 14, 21, 25, 37, 40, 53 and 64 of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001.

The Order comes into force on 31 March 2022.

  • Posted in:
    Financial, International
  • Blog:
    Global Regulation Tomorrow
  • Organization:
    Norton Rose Fulbright
  • Article: View Original Source

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