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Financial Services Act Exemption Amendment Order 2026

UK New Legislation

Published March 27th, 2026

Detected February 26th, 2026

Summary

The UK Treasury has issued the Financial Services and Markets Act 2000 (Exemption) (Amendment) Order 2026, effective March 27, 2026. This order amends the Financial Services and Markets Act 2000 (Exemption) Order 2001 by adding several entities, including British Business Bank plc and its subsidiaries, to the list of persons exempt from regulated activities.

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What changed

The UK Treasury has issued the Financial Services and Markets Act 2000 (Exemption) (Amendment) Order 2026, which amends the existing Exemption Order of 2001. The amendment adds specific entities, including BBB Investment Holdings Limited, British Business Bank plc, and its various subsidiary companies, as well as Nations and Regions Investments Limited and National Housing Bank Limited, to the list of persons exempt from the general prohibition on carrying out regulated financial activities. This exemption is granted under section 38 of the Financial Services and Markets Act 2000.

This amendment is considered to have no significant impact on the private, voluntary, or public sectors. Regulated entities that interact with the newly listed exempt entities should be aware of their exemption status. No specific compliance actions are required for regulated entities beyond noting the updated list of exempt persons. The order comes into force on March 27, 2026, and applies to England and Wales, Scotland, and Northern Ireland.

What to do next

Note the updated list of exempt entities under the Financial Services and Markets Act 2000 (Exemption) Order 2001.

Source document (simplified)

Status:

This is the original version (as it was originally made). This item of legislation is currently only available in its original format.

Statutory Instruments

2026 No. 157

FINANCIAL SERVICES AND MARKETS

The Financial Services and Markets Act 2000 (Exemption) (Amendment) Order 2026

Made

24th February 2026

Laid before Parliament

25th February 2026

Coming into force

27th March 2026

The Treasury make this Order in exercise of the powers conferred by section 38 of the Financial Services and Markets Act 2000(1).

Citation, commencement and extent

—(1) This Order may be cited as the Financial Services and Markets Act 2000 (Exemption) (Amendment) Order 2026.

(2) This Order comes into force on 27th March 2026.

(3) This Order extends to England and Wales, Scotland and Northern Ireland.

Amendment of the Financial Services and Markets Act 2000 (Exemption) Order 2001

—(1) The Financial Services and Markets Act 2000 (Exemption) Order 2001(2) is amended as follows.

(2) In Part 1A of the Schedule (persons exempt in respect of any regulated activity)(3), after paragraph 15E insert—

“ 15F. BBB Investment Holdings Limited, company number 11270966.

15G. BBB Mandates Limited, company number 16284145.

15H. BGP General Partner I LLP, company number SO308152.

15I. British Business Aspire HoldCo Ltd, company number 09263859.

15J. British Business Bank plc, company number 08616013.

15K. British Business Finance Ltd, company number 09091928.

15L. British Business Financial Services Ltd, company number 09174621.

15M. British Business Investments Limited, company number 09091930.

15N. British Patient Capital Limited, company number 11271076.

15O. Nations and Regions Investments Limited, company number 14777628.

15P. National Housing Bank Limited, company number 16862072. ”.

Gen Kitchen

Christian Wakeford

Two of the Lords Commissioners of His Majesty's Treasury

24th February 2026

Explanatory Note

(This note is not part of the Order)

This Order amends the Financial Services and Markets Act 2000 (Exemption) Order 2001 (S.I. 2001/1201) (“ the Exemption Order ”).

The Exemption Order exempts certain persons from the general prohibition set out in section 19 of the Financial Services and Markets Act 2000 (c. 8), which provides that no person may carry on a regulated activity within the UK without being an authorised person or an exempt person. Regulated activities are activities of a kind specified by the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 (S.I. 2001/544) which are carried on by way of business.

Article 3A of the Exemption Order provides that the persons listed in Part 1A of the Schedule to that Order are exempt from the general prohibition in respect of any regulated activity. Article 2(2) of this Order amends Part 1A of the Schedule to the Exemption Order by adding the British Business Bank plc, together with various of its subsidiary companies, and the National Housing Bank Limited to the list of exempt persons.

An impact assessment has not been produced for this instrument as no, or no significant, impact on the private, voluntary or public sector is foreseen.

(1) 2000 c. 8.

(2) S.I. 2001/1201.

(3) Part 1A was inserted by S.I. 2025/250.