The Financial Services Act 1986 (Listed Money Market Institutions and Miscellaneous Exemptions) Order 1990
Article 2 of this Order adds to the exemption provided by section 43 of and Schedule 5 to the Financial Services Act 1986 by providing that section 43 and Schedule 5 have effect as if certain instruments issued in the circumstances described in article 2 of the Order were amongst the instruments specified in paragraph 2(2) of Schedule 5. The Order also exempts the persons mentioned in article 3(1) from the requirement to obtain authorisation under the Financial Services Act in respect of any investment business they carry on and the persons mentioned in article 3(2) from that requirement to the extent specified in the article.