(1) The Financial Services and Markets Act 2000 (Appointed Representatives) Regulations 2001 [S.I. 2001/1217 as amended by S.I. 2001/2508 and S.I. 2004/453.] are amended as follows.

(2) In regulation 2(1) (descriptions of business for which appointed representatives are exempt) after sub-paragraph (b) insert -

"(ba) an activity of the kind specified by article 52B of that Order (providing basic advice on stakeholder products);".

(3) The Financial Services and Markets Act 2000 (Professions) (Non-Exempt Activities) Order 2001 [S.I. 2001/1227, S.I. 2001/3650, S.I. 2002/682, S.I. 2002/1777, S.I. 2003/1475 and S.I. 2003/1476.] is amended as follows.

(4) In article 4 after paragraph (e) insert -

"(ea) article 52B (providing basic advice on stakeholder products);".