On 30 January 2026, the Financial Services and Markets Act 2000 (Regulated Activities) (Providing Targeted Support) (Amendment) Order 2026 (SI 2026/74) (the Order) was published on legislation.gov.uk, together with an explanatory memorandum.
The Order amends the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 (RAO) to create a new regulated activity of providing targeted support. More specifically, the order:
- Adds article 55A into the RAO setting out details of the new regulated activity, with the effect that where a person is providing targeted support, they will not be undertaking the existing regulated activity of advising on investments.
- Makes consequential amendments to the RAO and other legislation, including the Financial Services and Markets Act 2000 (Collective Investment Schemes) Order 2001 and the Financial Services and Markets Act 2000 (Exemption) Order 2001.
Next steps
The Order will come into force on 6 April 2026, although provisions in the Order allowing the Financial Conduct Authority to make rules and grant Part 4A permissions will come into force on 23 February 2026.