(This note is not part of the Regulations)

These Regulations amend regulation 3 of the Financial Services and Markets Act 2000 (Official Listing of Securities) Regulations 2001. That regulation prescribed, as bodies whose securities may not be admitted to the official list of securities maintained under Part VI of the Financial Services and Markets Act 2000, private companies and old public companies. The amendment made by these Regulations provides that the restriction relating to private companies applies only where the securities in question are securities within the meaning of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001.