(This note is not part of the Order)
This Order amends the Financial Services and Markets Act 2000 (Regulated Activities Order) 2001 (S.I. 2001/544) by inserting a new article 18A into the Order.
This provides a new exclusion from the regulated activity of dealing in investments as principal. This new exclusion applies to companies which purchase their own shares where those shares could be held as treasury shares in accordance with section 162A of the Companies Act 1985. It also applies to companies which deal in their own shares which they hold as treasury shares, in accordance with section 162D of that Act.