On 11 October 2021, there was published on the legislation.gov.uk website The Financial Services and Markets Act 2000 (Exemption) (Amendment) Order 2021 together with an explanatory memorandum.

The Order amends the list of persons in Part 1 of the Schedule to the Financial Services and Markets Act 2000 (Exemption) Order 2001 (the Principal Order) to include UK Infrastructure Bank Limited (the Company). The purpose is to exempt the Company from the general prohibition in respect of any regulated activities specified in the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 (the RAO), other than the regulated activity specified in article 10 of the RAO (effecting and carrying out contracts of insurance).

The Order comes into force on 1 November 2021.