(This note is not part of the Order)
This Order amends article 72B(1)(d)(ii) of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 ("the Regulated Activities Order") to limit the exemption from regulation in respect of the activities specified in articles 21, 25(1) and (2), 39A, 53 and 64 of the Regulated Activities Order for travel insurance to circumstances where a contract of insurance is linked to (a) travel to an event organised by the travel provider where the person seeking insurance is not an individual or a business with a group annual turnover of less than £1,000,000; or (b) the hire of a vehicle.
Article 4 confers an interim permission on certain applicants who have applied for permission under Part 4 of the Financial Services and Markets Act 2000 ("FSMA") to carry on activities specified in article 21, 25(1), 25 (2), 39A, 53 or 64 of the Regulated Activities Order in relation to the sale of travel insurance and whose application is pending on the
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