[1HFurther interpretative provisions for sections 1B to 1GU.K.
This section has no associated Explanatory Notes
(1)The following provisions have effect for the interpretation of sections 1B to 1G.
(2)“Regulated financial services” means services provided—
(a)by authorised persons in carrying on regulated activities;
(b). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(c)by authorised persons in communicating, or approving the communication by others of, invitations [or inducements] to engage in investment activity [or to engage in claims management activity];
(d)by authorised persons who are investment firms, or [qualifying credit institutions], in providing relevant ancillary services;
(e)by persons acting as appointed representatives;
(f)by payment service providers in providing payment services;
(g)by electronic money issuers in issuing electronic money;
(h)by sponsors to issuers of securities;
(i)by primary information providers to persons who issue financial instruments.
(3)“Financial crime” includes any offence involving—
(a)fraud or dishonesty,
(b)misconduct in, or misuse of information relating to, a financial market,
(c)handling the proceeds of crime, or
(d)the financing of terrorism.
(4)“Offence” includes an act or omission which would be an offence if it had taken place in the United Kingdom.
(5)“Issuer”, except in the expression “electronic money issuer”, has the meaning given in section 102A(6).
(6)“Financial instrument” has the meaning given in section 102A(4).
(7)“Securities” has the meaning given in section 102A(2).
[(7A)“Regulated benchmark” means a benchmark, as defined in section 22... [(6A)], in relation to which any provision made under section 22(1A)...[(c)] has effect.]
(8)In this section—
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“electronic money” has the same meaning as in the Electronic Money Regulations 2011;
“electronic money issuer” means a person who is an electronic money issuer as defined in regulation 2(1) of the Electronic Money Regulations 2011 other than a person falling within paragraph (f), (g) or (j) of the definition;
[“engage in claims management activity” has the meaning given in section 21;]
“engage in investment activity” has the meaning given in section 21;
“financial instrument” has the meaning given in section 102A(4);
“payment services” has the same meaning as in the Payment Services Regulations [2017];
“payment service provider” means a person who is a payment service provider as defined in regulation 2(1) of the Payment Services Regulations [2017] other than a person falling within paragraph [(i) or (j)] of the definition;
“primary information provider” has the meaning given in section 89P(2);
“relevant ancillary service” means any service of a kind mentioned in [Part 3A of Schedule 2 to the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001] the provision of which does not involve the carrying on of a regulated activity;
“sponsor” has the meaning given in section 88(2).]
Textual Amendments
Modifications etc. (not altering text)