Released 11 October 2021
SI 2021/1127 amends the list of persons in Part 1 of the Schedule to the Financial Services and Markets Act 2000 (Exemption) Order 2001 (SI 2001/1201) to include UK Infrastructure Bank Limited.
In the Budget of March 2021, the Chancellor announced that a UK Infrastructure Bank would be established in order to provide financing support to private sector and local authority infrastructure projects across the UK. The Company is part of the Government’s broader infrastructure strategy.
An impact assessment has not been produced for this instrument as no, or no significant, impact on business or the voluntary sector is foreseen.
The Order will come into force on 1 November 2021.
More information can be found at: https://www.legislation.gov.uk/uksi/2021/1127/contents/made