The Financial Services and Markets Act 2000 (Exemption) (Amendment) (No. 2) Order 2009
This Order amends the Financial Services and Markets Act 2000 (Exemption) Order 2001 (“the 2001 Order”) (S.I. 2001/1201) which provides for certain persons to be exempt from the general prohibition imposed by section 19 of the Financial Services and Markets Act 2000 (c. 8) (“the Act”) on carrying on a regulated activity in the United Kingdom unless authorised under the Act. It extends the exemption in paragraph 50 of the Schedule to the 2001 Order applying in relation to freight forwarders and storage firms, so that such firms may extend rights under their insurance policies to both their commercial and to their retail customers without becoming subject to regulation under the Act.