F1PART 1AThe Regulators
CHAPTER 1The Financial Conduct Authority
Interpretation of terms used in relation to FCA's general duties
1HFurther interpretative provisions for sections 1B to 1G
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;
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c
by authorised persons in communicating, or approving the communication by others of, invitations to engage in investment activity F11or to engage in claims management activity;
d
by authorised persons who are investment firms, or F14qualifying 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).
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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;
F10“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 F52017;
“payment service provider” means a person who is a payment service provider as defined in regulation 2(1) of the Payment Services Regulations F62017 other than a person falling within paragraph F7(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 F16Part 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).
Pt. 1A substituted for Pt. 1 (24.1.2013 for specified purposes, 19.2.2013 for specified purposes, 1.4.2013 in so far as not already in force) by Financial Services Act 2012 (c. 21), ss. 6(1), 122(3) (with Sch. 20); S.I. 2013/113, art. 2(1)(b)(c)(2), Sch. Pts. 2, 3, 4; S.I. 2013/423, art. 3, Sch.