(1) The Schedule to Financial Services and Markets Act 2000 (Exemption) Order 2001 [S.I. 2001/1201.] is amended as follows.

(2) In Part 2 (persons exempt in respect of accepting deposits), omit paragraph 19.

(3) In Part 3 (persons exempt in respect of any regulated activity mentioned in article 5(1)), omit paragraph 39 (insolvency practitioners).

(4) In Part 4 (persons exempt in respect of particular regulated activities) -

(a) omit paragraph 47 (local authorities);

(b) in the heading to paragraph 52 [Inserted by S.I. 2013/1881.], for "Insolvency practitioners" substitute "Official receivers";

(c) omit paragraph 52(1)(a), (2) and (3).