Amendment of the Small and Medium Sized Business (Finance Platforms) Regulations 2015U.K.
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Memorandwm Esboniadol
9. In the Small and Medium Sized Business (Finance Platforms) Regulations 2015 M1—
(a)in regulation 2(1) (interpretation), after the definition of “the 2000 Act” insert—
““broker” means a person who, as part of that person's usual business activities, effects introductions of persons seeking finance to finance providers;”; and
(b)in regulation 3(3) (designated banks to provide information to designated finance providers)—
(i)at the end of sub-paragraph (c) omit “or”; and
(ii)after sub-paragraph (d) insert—
“; or
(e)the application was made by a broker on behalf of the business.”.
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