(This note is not part of the Order)

The Financial Services and Markets Act 2000 (c. 8) prohibits a person from carrying on a regulated activity in the United Kingdom, or purporting to do so, unless the person is an authorised person or an exempt person. This Order extends to 30th September 2014 the deadline under article 56 of the Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) (No. 2) Order 2013 (S.I. 2013/1881) for local authorities to notify the Financial Conduct Authority and pay the relevant fee in order to obtain interim permission to carry on regulated activities of the kind specified by article 60B (regulated credit agreements) of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 (S.I. 2001/544).

An impact assessment has not been produced for this instrument as no impact on the costs of business or the voluntary sector is foreseen.