(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, "the Regulated Activities Order") and the Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) (No. 2) Order 2003 (S.I. 2003/1476, "the Insurance Mediation Order").

The Regulated Activities Order, specifies regulated activities for the purposes of the Financial Services and Markets Act 2000 ("the Act"). These include: activities involving regulated mortgage contracts (entering as lender, arranging, advising on, and administering regulated mortgage contracts) and insurance mediation activities (dealing as agent in contracts of insurance, arranging deals in contracts of insurance, assisting in the performance and administration of a contract of insurance and advising on the merits of buying or selling a contract of insurance).

Section 49(2) of the Act requires the Financial Services Authority to consult other EEA competent authorities prior to giving or varying a permission in respect of a person who is connected with an EEA firm.