Version status: In force | Document consolidation status: Updated to reflect all known changes

Published date: 20 July 2001

Financial Services and Markets Act 2000 (Transitional Provisions) (Authorised Persons etc.) Order 2001 [SI 2001 No. 2636]

	Introductory Text
	Part I General (arts. 1-2)
	Article 1 Citation and commencement
	Article 2 Definitions
	Part II Authorisation and Permission for Persons Authorised etc. under Old Law (arts. 3-33)
	Part II, Chapter I Permissions under Part IV of the Act (arts. 3-24)
	Persons authorised or exempted under the Financial Services Act
	Article 3 Authorisation under section 25 of the Financial Services Act
	Article 4 Authorisation under section 7 of the Financial Services Act
	Article 5 Persons certified by designated professional bodies
	Article 6 Listed institutions
	Article 7 Lloyd's underwriting agents
	Article 8 Lloyd's members' advisers
	Article 9 Appointed representatives
	Article 10 Investment business carried on overseas before commencement
	Persons authorised under the Banking Act
	Article 11 Persons authorised under the Banking Act
	Article 12 Banking business carried on overseas before commencement
	Article 13 Permission to carry on non-banking listed activities
	Insurance companies
	Article 14 Companies authorised under the Insurance Companies Act
	Article 15 EC companies carrying on reinsurance business
	Article 16 EC companies carrying on investment business
	Article 17 Insurance business carried on overseas before commencement
	Friendly societies etc.
	Article 18 Friendly societies authorised under the Friendly Societies Act
	Article 19 Friendly societies: other permissions
	Article 20 Societies registered under the Friendly Societies Act 1974
	Article 21 Insurance business carried on overseas by friendly societies before commencement
	Building societies
	Article 22 Building societies authorised under the Building Societies Act
	Article 23 Banking business carried on overseas by building societies before commencement
	Supplemental
	Article 24 Persons with more than one old authorisation etc.
	Part II, Chapter II Authorisation and Permission under Schedule 3 (arts. 25-27)
	EEA firms with "passports" under the 2BCD or ISD Regulations
	Article 25 EEA firms with "passports" under the 2BCD or ISD Regulations
	EEA firms with "passports" under the Insurance Companies Act
	Article 26 EC companies carrying on direct insurance through UK branch
	Article 27 EC companies providing insurance in UK
	Part II, Chapter III Authorisation, Permission etc. under Schedule 4 (arts. 28-32)
	Treaty firms authorised under section 31 of the Financial Services Act
	Article 28 Treaty firms authorised under section 31 of the Financial Services Act
	Article 29 Certificates under section 31(4) of the Financial Services Act
	Treaty firms which are insurance companies
	Article 30 EC companies carrying on reinsurance business through UK branch
	Article 31 EC companies carrying on investment business as Treaty firms
	Status for purposes of Part XIII of the Act
	Article 32 Status for purposes of Part XIII of the Act
	Part II, Chapter IV Supplemental (art. 33)
	Article 33 Old transitional provision
	Part III Effect of Restriction and Prohibitions Imposed under Old Law (arts. 34-54)
	Prohibitions and requirements under the Financial Services Act
	Article 34 Prohibitions and requirements under sections 65 to 68 of the Financial Services Act
	Article 35 Prohibitions and requirements imposed by recognised self-regulating organisations or recognised professional bodies
	Article 36 Supplemental provision relating to requirements under section 67 of the Financial Services Act etc.
	Article 37 Requirements imposed under the Financial Services Act by virtue of the 2BCD or ISD Regulations as a matter of urgency
	Restrictions and directions under the Banking Act
	Article 38 Restrictions under section 12 of the Banking Act
	Article 39 Directions under section 19 of the Banking Act
	Directions and requirements under the Insurance Companies Act
	Article 40 Directions under sections 11 and 12A of the Insurance Companies Act
	Article 41 Requirements under sections 38, 39, 40, 41, 43 and 45 of the Insurance Companies Act
	Article 42 Order of the court under section 40A of the Insurance Companies Act
	Article 43 Requirements imposed on former Lloyd's underwriting members
	Article 44 Requirements and directions under Schedule 2F to the Insurance Companies Act
	Conditions and directions under the Friendly Societies Act
	Article 45 Conditions imposed under the Friendly Societies Act
	Article 46 Direction under section 40 of the Friendly Societies Act
	Article 47 Direction under section 51 of the Friendly Societies Act
	Article 48 Order of the court under section 52A of the Friendly Societies Act
	Article 49 Direction under section 53 of the Friendly Societies Act
	Conditions and directions under the Building Societies Act
	Article 50 Conditions and directions imposed under the Building Societies Act
	Article 51 Direction under section 43A of the Building Societies Act
	Prohibitions and restrictions under the 2BCD and ISD Regulations
	Article 52 Prohibitions and restrictions under regulations 9, 10 and 15 of the 2BCD Regulations and regulation 9 of the ISD Regulations
	Article 53 Prohibitions and restrictions under regulations 18 and 19 of the 2BCD Regulations and regulations 15 and 16 of the ISD Regulations
	Supplemental
	Article 54 Supplemental
	Part IV Scope of Permission: Procedure (arts. 55-64)
	Article 55 Notice of scope of permission
	Article 56 Responding to the scope of permission notice
	Article 57 Scope of permission where person agrees with notice
	Article 58 Final view notices
	Article 59 Scope of permission following final view notice
	Article 60 Scope of permission where reference is made to the Tribunal
	Article 61 Information for public file of mutual society
	Article 62 Application of section 20
	Article 63 Requirement to reapply for Part IV permission
	Article 64 Requirement to reapply: procedure
	Part V Collective Investment Schemes (arts. 65-71)
	Part V, Chapter 1 Authorisation and Recognition of Schemes (arts. 65-68)
	Article 65 Authorised unit trust schemes
	Article 66 Schemes constituted in other EEA States
	Article 67 Schemes authorised in designated countries or territories
	Article 68 Individually recognised overseas schemes
	Part V, Chapter II Directions Imposed on Schemes (arts. 69-71)
	Article 69 Directions imposed on authorised unit trust schemes
	Article 70 Directions imposed on schemes authorised in designated countries or territories
	Article 71 Directions imposed on individually recognised schemes
	Part VI Approved Persons (arts. 72-76)
	Article 72 General rule
	Article 73 Persons previously approved subject to conditions
	Article 74 Appointment approved but not taken up before commencement: section 60 of the Insurance Companies Act
	Article 75 Appointment approved but not taken up before commencement: section 61 of the Insurance Companies Act
	Article 76 Appointment of partner approved but not taken up before commencement
	Part VII Other Transitional Status after Commencement (arts. 77-80)
	Article 77 UK firms with "passports" before commencement
	Article 78 Disqualification of auditors
	Article 79 Employment of prohibited persons: disqualification directions
	Article 80 International securities self-regulating organisations
	Signature
	Explanatory Note