On Mar. 5, UK Treasury broadened National Wealth Fund exemption.
UK Treasury issued Financial services and markets act 2000 (exemption) (amendment) order 2025 (StIn 2025/250) which makes amendments to the Financial services and markets act 2000 (exemption) order 2001(StIn 2001/1201) (exemption order).
Overview
Exemption order exempts certain persons from the general prohibition set out in s. 19 of Financial services and markets act 2000 (FSMA 2000), which provides that no person may carry on a regulated activity in UK unless they are authorized or exempt.
This order broadens scope of exemption granted to National Wealth Fund Ltd under the exemption order, exempting it from general prohibition re all regulated activities.
This includes regulated activities specified by article 10 of the Financial services and markets act 2000 (regulated activities) order 2001 (StIn 2001/544).
