The Financial Services Act 1986 (Corporate Debt Exemption) Order 1997
This Order extends the range of corporate debt instruments which can be the subject of transactions which fall within Schedule 5 of the Financial Services Act 1986 (c. 60) (“FSA”) and therefore benefit from the exemption granted in section 43 of the FSA. The order replaces the separate categories of investment currently set out in paragraphs 2(2)(a) and (b) of Schedule 5 of the FSA and in Article 2 of the Financial Services Act 1986 (Listed Money Market Institutions and Miscellaneous Exemptions) Order 1990 (S.I. 1990/696) with a single category of corporate debt instruments having a maturity date of not more than five years from the date of issue.