Procurement Act 2023 · PART 2 Subject-matter exempted contracts

16 Financial services

Sch. 2 para. 16 · in force: yes

Captured statutory text (L5)

16 Financial services

(1)A contract for the provision or carrying out of an investment service or activity, or of an ancillary service, in relation to a financial instrument by an investment firm or a qualifying credit institution.

(2)In this paragraph— “ancillary service” means a service listed as such in Part 3A of Schedule 2 to the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 (S.I. 2001/544); “financial instrument”, “investment firm” and “qualifying credit institution” have the meanings given in Article 3 of that Order; “investment service or activity” means a service or activity listed as such in Part 3 of Schedule 2 to that Order.

Full captured verbatim text

(1) A contract for the provision or carrying out of an investment service or activity, or of an ancillary service, in relation to a financial instrument by an investment firm or a qualifying credit institution.

(2) In this paragraph—

“ancillary service” means a service listed as such in Part 3A of Schedule 2 to the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 (S.I. 2001/544);

“financial instrument”, “investment firm” and “qualifying credit institution” have the meanings given in Article 3 of that Order;

“investment service or activity” means a service or activity listed as such in Part 3 of Schedule 2 to that Order.

What this provision means

Model summary, checked against the text on the left.

Relevance to Signicat: 0/3 · detailed summary (L4) Status: not needed for a short provision · Stored artifact; current recipe verification unavailable

L3 unavailable: no verified one-line summary for this provision.

No verified summary for this provision yet; read the text itself.

Refers to

No captured references.

Referred to by

schedule ref schedule_ref · s. 122

schedule ref schedule_ref · s. 124

schedule ref schedule_ref · s. 2

schedule ref schedule_ref · s. 3

Part summaries

0 of 0 parts have a verified summary.

L1 unavailable for current verification: the overall summary needs every part verified. Provisions and the verified summaries remain readable.

Verification findings (391)

synthesis coverage: missing/unverified L2 part-1

synthesis coverage: missing evaluation uk:ukpga/2023/54#section-1

synthesis coverage: missing evaluation uk:ukpga/2023/54#section-2

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synthesis coverage: missing evaluation uk:ukpga/2023/54#section-8

synthesis coverage: missing evaluation uk:ukpga/2023/54#section-9

synthesis coverage: missing evaluation uk:ukpga/2023/54#section-10

synthesis coverage: missing/unverified L2 part-2

synthesis coverage: missing evaluation uk:ukpga/2023/54#section-11

synthesis coverage: missing evaluation uk:ukpga/2023/54#section-12

synthesis coverage: missing evaluation uk:ukpga/2023/54#section-13

synthesis coverage: missing evaluation uk:ukpga/2023/54#section-14

synthesis coverage: missing/unverified L2 part-3-chapter-1

synthesis coverage: missing evaluation uk:ukpga/2023/54#section-15

synthesis coverage: missing evaluation uk:ukpga/2023/54#section-16

synthesis coverage: missing evaluation uk:ukpga/2023/54#section-17

synthesis coverage: missing evaluation uk:ukpga/2023/54#section-18

synthesis coverage: missing/unverified L2 part-3-chapter-2

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synthesis coverage: missing/unverified L2 part-3-chapter-4

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synthesis coverage: missing/unverified L2 part-3-chapter-5

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synthesis coverage: missing/unverified L2 part-3-chapter-6

synthesis coverage: missing evaluation uk:ukpga/2023/54#section-54

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synthesis coverage: missing/unverified L2 part-4

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synthesis coverage: missing/unverified L2 part-5

synthesis coverage: missing evaluation uk:ukpga/2023/54#section-81

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synthesis coverage: missing/unverified L2 part-5A

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synthesis coverage: missing/unverified L2 part-6

synthesis coverage: missing evaluation uk:ukpga/2023/54#section-84

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synthesis coverage: missing/unverified L2 part-7

synthesis coverage: missing evaluation uk:ukpga/2023/54#section-89

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synthesis coverage: missing/unverified L2 part-8

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synthesis coverage: missing/unverified L2 part-9

synthesis coverage: missing evaluation uk:ukpga/2023/54#section-100

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synthesis coverage: missing evaluation uk:ukpga/2023/54#section-107

synthesis coverage: missing/unverified L2 part-10

synthesis coverage: missing evaluation uk:ukpga/2023/54#section-108

synthesis coverage: missing evaluation uk:ukpga/2023/54#section-109

synthesis coverage: missing evaluation uk:ukpga/2023/54#section-110

synthesis coverage: missing/unverified L2 part-11

synthesis coverage: missing evaluation uk:ukpga/2023/54#section-111

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synthesis coverage: missing evaluation uk:ukpga/2023/54#section-115A

synthesis coverage: missing/unverified L2 part-12

synthesis coverage: missing evaluation uk:ukpga/2023/54#section-116

synthesis coverage: missing evaluation uk:ukpga/2023/54#section-117

synthesis coverage: missing evaluation uk:ukpga/2023/54#section-118

synthesis coverage: missing evaluation uk:ukpga/2023/54#section-119

synthesis coverage: missing/unverified L2 part-13

synthesis coverage: missing evaluation uk:ukpga/2023/54#section-120

synthesis coverage: missing evaluation uk:ukpga/2023/54#section-120A

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synthesis coverage: missing/unverified L2 schedule-1

synthesis coverage: missing evaluation uk:ukpga/2023/54#schedule-1-paragraph-1

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synthesis coverage: missing/unverified L2 schedule-8

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synthesis coverage: missing evaluation uk:ukpga/2023/54#schedule-8-paragraph-8

synthesis coverage: missing evaluation uk:ukpga/2023/54#schedule-8-paragraph-9

synthesis coverage: missing evaluation uk:ukpga/2023/54#schedule-8-paragraph-10

synthesis coverage: missing evaluation uk:ukpga/2023/54#schedule-8-paragraph-11

synthesis coverage: missing/unverified L2 schedule-9

synthesis coverage: missing evaluation uk:ukpga/2023/54#schedule-9-paragraph-A1

synthesis coverage: missing evaluation uk:ukpga/2023/54#schedule-9-paragraph-B1

synthesis coverage: missing evaluation uk:ukpga/2023/54#schedule-9-paragraph-C1

synthesis coverage: missing evaluation uk:ukpga/2023/54#schedule-9-paragraph-1

synthesis coverage: missing evaluation uk:ukpga/2023/54#schedule-9-paragraph-2

synthesis coverage: missing evaluation uk:ukpga/2023/54#schedule-9-paragraph-3

synthesis coverage: missing evaluation uk:ukpga/2023/54#schedule-9-paragraph-4

synthesis coverage: missing evaluation uk:ukpga/2023/54#schedule-9-paragraph-5

synthesis coverage: missing evaluation uk:ukpga/2023/54#schedule-9-paragraph-6

synthesis coverage: missing evaluation uk:ukpga/2023/54#schedule-9-paragraph-7

synthesis coverage: missing evaluation uk:ukpga/2023/54#schedule-9-paragraph-8

synthesis coverage: missing evaluation uk:ukpga/2023/54#schedule-9-paragraph-9

synthesis coverage: missing evaluation uk:ukpga/2023/54#schedule-9-paragraph-10

synthesis coverage: missing evaluation uk:ukpga/2023/54#schedule-9-paragraph-11

synthesis coverage: missing evaluation uk:ukpga/2023/54#schedule-9-paragraph-12

synthesis coverage: missing evaluation uk:ukpga/2023/54#schedule-9-paragraph-13

synthesis coverage: missing evaluation uk:ukpga/2023/54#schedule-9-paragraph-14

synthesis coverage: missing evaluation uk:ukpga/2023/54#schedule-9-paragraph-15

synthesis coverage: missing evaluation uk:ukpga/2023/54#schedule-9-paragraph-16

synthesis coverage: missing evaluation uk:ukpga/2023/54#schedule-9-paragraph-17

synthesis coverage: missing evaluation uk:ukpga/2023/54#schedule-9-paragraph-18

synthesis coverage: missing evaluation uk:ukpga/2023/54#schedule-9-paragraph-19

synthesis coverage: missing evaluation uk:ukpga/2023/54#schedule-9-paragraph-20

synthesis coverage: missing evaluation uk:ukpga/2023/54#schedule-9-paragraph-21

synthesis coverage: missing evaluation uk:ukpga/2023/54#schedule-9-paragraph-22

synthesis coverage: missing evaluation uk:ukpga/2023/54#schedule-9-paragraph-23

synthesis coverage: missing evaluation uk:ukpga/2023/54#schedule-9-paragraph-24

synthesis coverage: missing evaluation uk:ukpga/2023/54#schedule-9-paragraph-25

synthesis coverage: missing evaluation uk:ukpga/2023/54#schedule-9-paragraph-26

synthesis coverage: missing evaluation uk:ukpga/2023/54#schedule-9-paragraph-27

synthesis coverage: missing/unverified L2 schedule-9

synthesis coverage: missing evaluation uk:ukpga/2023/54#schedule-9-paragraph-28

synthesis coverage: missing/unverified L2 schedule-10

synthesis coverage: missing evaluation uk:ukpga/2023/54#schedule-10-paragraph-1

synthesis coverage: missing evaluation uk:ukpga/2023/54#schedule-10-paragraph-2

synthesis coverage: missing evaluation uk:ukpga/2023/54#schedule-10-paragraph-3

synthesis coverage: missing evaluation uk:ukpga/2023/54#schedule-10-paragraph-4

synthesis coverage: missing evaluation uk:ukpga/2023/54#schedule-10-paragraph-5

synthesis coverage: missing evaluation uk:ukpga/2023/54#schedule-10-paragraph-6

synthesis coverage: missing evaluation uk:ukpga/2023/54#schedule-10-paragraph-7

synthesis coverage: missing evaluation uk:ukpga/2023/54#schedule-10-paragraph-8

synthesis coverage: missing evaluation uk:ukpga/2023/54#schedule-10-paragraph-9

synthesis coverage: missing evaluation uk:ukpga/2023/54#schedule-10-paragraph-10

synthesis coverage: missing evaluation uk:ukpga/2023/54#schedule-10-paragraph-11

synthesis coverage: missing evaluation uk:ukpga/2023/54#schedule-10-paragraph-12

synthesis coverage: missing evaluation uk:ukpga/2023/54#schedule-10-paragraph-13

synthesis coverage: missing evaluation uk:ukpga/2023/54#schedule-10-paragraph-14

synthesis coverage: missing evaluation uk:ukpga/2023/54#schedule-10-paragraph-15

synthesis coverage: missing evaluation uk:ukpga/2023/54#schedule-10-paragraph-16

synthesis coverage: missing evaluation uk:ukpga/2023/54#schedule-10-paragraph-17

synthesis coverage: missing evaluation uk:ukpga/2023/54#schedule-10-paragraph-18

synthesis coverage: missing evaluation uk:ukpga/2023/54#schedule-10-paragraph-19

synthesis coverage: missing evaluation uk:ukpga/2023/54#schedule-10-paragraph-20

synthesis coverage: missing/unverified L2 schedule-11

synthesis coverage: missing evaluation uk:ukpga/2023/54#schedule-11-paragraph-1

synthesis coverage: missing evaluation uk:ukpga/2023/54#schedule-11-paragraph-2

synthesis coverage: missing evaluation uk:ukpga/2023/54#schedule-11-paragraph-3

synthesis coverage: missing evaluation uk:ukpga/2023/54#schedule-11-paragraph-4

synthesis coverage: missing evaluation uk:ukpga/2023/54#schedule-11-paragraph-5

synthesis coverage: missing evaluation uk:ukpga/2023/54#schedule-11-paragraph-6

synthesis coverage: missing evaluation uk:ukpga/2023/54#schedule-11-paragraph-7

Instrument tier unavailable

Change history as published

Sch. 9 para. A1 and cross-headings omitted (24.2.2025) by virtue of The Procurement (Miscellaneous Amendments) (Wales) Regulations 2025 (S.I. 2025/181), regs. 1(2), 3(4)(a)

Sch. 9 para. B1 and cross-headings omitted (W.) (31.12.2025) by The Procurement Act 2023 (Specified International Agreements) (Amendment) (Wales) Regulations 2025 (S.I. 2025/1361), regs. 1(2), 3(2) (with reg. 4)

Sch. 9 para. C1 and cross-headings omitted (W.) (31.3.2026) by virtue of The Procurement Act 2023 (Specified International Agreements) (Amendment) (Wales) Regulations 2026 (W.S.I. 2026/97), regs. 1(2), 2(2) (with reg. 3)

Pending effects amendments not yet applied to this text

No captured pending effects.

Provenance

Every claim the system makes about this text is traceable to these identifiers.

Instrument: uk:ukpga/2023/54
Part: PART 2 Subject-matter exempted contracts
Version: 1f42cbe2e52b2d3b319dfe92…
Content hash: sha256 5ec73afcd56d18e7e83cf1c5…
Source: legislation.gov.uk/ukpga/2023/54