The Financial Services and Markets Act 2000 (Regulated Activities) Order 2001

[F1SupplementalU.K.

Textual Amendments

Meaning of “consumer” etc.U.K.

89E.—(1) For the purposes of sections 1G, 404E and 425A of the Act (meaning of “consumer”)—

(a)an individual or a relevant recipient of credit who is, may be, has been or may have been the subject of the information referred to in article 89A, and

(b)an individual or a relevant recipient of credit who is, may be, has been or may have been the subject of information furnished in the course of a person carrying on an activity of the kind specified by article 89B, [F2or article 64 (agreeing to carry on specified kinds of activity) in so far as that article relates to article 89B,]

is to be treated as a “consumer”.

(2) For the purposes of section 328(8) of the Act (meaning of “clients”)—

(a)an individual or a relevant recipient of credit who is, may be, has been or may have been the subject of the information referred to in article 89A, and

(b)an individual or a relevant recipient of credit who is, may be, has been or may have been the subject of information furnished in the course of a person carrying on an activity of the kind specified by article 89B, [F3or article 64 (agreeing to carry on specified kinds of activity) in so far as that article relates to article 89B,]

is to be treated as a “client”.]

Textual Amendments