
1 

(1) This Order may be cited as the Financial Services and Markets Act 2000 (Exemption) (Amendment) Order 2025.
(2) This Order comes into force on 31st March 2025.
(3) This Order extends to England and Wales, Scotland, and Northern Ireland.
2 

(1) The Financial Services and Markets Act 2000 (Exemption) Order 2001 is amended as follows.
(2) After article 3 insert—“
3A 
Each of the persons listed in Part 1A of the Schedule is exempt from the general prohibition in respect of any regulated activity.”.
(3) In Part I of the Schedule (persons exempt in respect of any regulated activity other than insurance business), omit paragraph 15D.
(4) After Part I of the Schedule, insert—“
Part 1A
15E 
National Wealth Fund Limited.”.
Vicky Foxcroft
Jeff Smith
Two of the Lords Commissioners of His Majesty's Treasury
3rd March 2025