6.—(1) The Financial Services and Markets Act 2000 (Compensation Scheme: Electing Participants) Regulations 2001 M1 are amended as follows.
(2) In regulation 1 (citation, commencement and interpretation) M2, after the definition of “relevant management company” insert—
““relevant mortgage intermediary” means a mortgage intermediary falling within paragraph 5(i) of Schedule 3 to the Act which is providing all or part of the credit intermediation activities set out in Article 4(5) of the mortgages directive or which is providing advisory services (as defined in Article 4(21) of the mortgages directive) in the United Kingdom;”.
(3) In regulation 2 (persons not to be regarded as relevant persons) M3—
(a)after sub-paragraph (1)(d) omit “and”;
(b)after sub-paragraph (1)(e) insert—
“; and
(f)any relevant mortgage intermediary.”; and
(c)in paragraph (2) for “(b) and (c)” substitute “ (b), (c) and (f) ”.
(4) In regulation 3 (persons who may elect to participate) M4—
(a)after sub-paragraph (1)(c) omit “and”; and
(b)after sub-paragraph (1)(d) insert—
“; and
(e)any relevant mortgage intermediary which has established a branch in the United Kingdom in exercise of an EEA right and which is not an investment firm, a credit institution or an insurance intermediary.”.
(5) In regulation 4 (persons in respect of whom inspection under section 224 does not apply) M5—
(a)after paragraph (d) omit “and”; and
(b)after paragraph (e) insert—
“; and
(f)any relevant mortgage intermediary.”.
Marginal Citations
M2Regulation 1 was amended by S.I. 2003/1476 and 2066, 2011/1613 and 2013/1773 and 3115.
M3Regulation 2 was amended by S.I. 2003/1476 and 2066, 2011/1613 and 2013/1773.
M4Regulation 3 was amended by S.I. 2003/1476 and 2066 and 2013/1773.
M5Regulation 4 was amended by S.I. 2003/1476 and 2066 and 2013/1773.