The Financial Services and Markets Act 2000 (Compensation Scheme: Electing Participants) Regulations 2001

F20“authorised contractual scheme” has the meaning given at section 237(3) of the Act;

F20“authorised open-ended investment company” has the meaning given at section 237(3) of the Act;

F20“authorised unit trust scheme” has the meaning given at section 237(3) of the Act;

“branch”—

1. a

   in relation to an investment firm, has the meaning given by Article 1.5 of the investor-compensation schemes directive;

2. b

   in relation to a credit institution, has the meaning given by Article 1.5 of the deposit-guarantee schemes directive;

3. c

   F1in relation to a relevant management company, has the meaning given by Article 1.5 of the investor-compensation schemes directive (as applied by F16Article 12.2 of the UCITS directive);

“credit institution” has the meaning given by F15Article 4(1) of the banking consolidation directive;

“deposit-guarantee schemes directive” means Council and European Parliament Directive 94/19/EC on deposit-guarantee schemes M3;

“depositor” has the same meaning as in the deposit-guarantee schemes directive;

“Financial Services Compensation Scheme” means the compensation scheme established pursuant to Part XV of the Act;

“home State deposit-guarantee scheme” means—

1. a

   in relation to a credit institution which is exempted by the EEA State in which that institution has its head office from the obligation to belong to a deposit-guarantee scheme by virtue of belonging to a system which protects the credit institution as mentioned in Article 3 of the deposit-guarantee schemes directive, that system; and

2. b

   in all other cases, the deposit-guarantee scheme officially recognised by that EEA State for the purposes of Article 3.1 of the deposit-guarantee schemes directive;

“home State investor-compensation scheme” means—

1. a

   in relation to a credit institution which is exempted by the EEA State in which that institution has its head office from the obligation to belong to an investor-compensation scheme by virtue of Article 2.1 of the investor-compensation schemes directive (participation in a system that protects the credit institution), that system; and

2. b

   in all other cases, the investor-compensation scheme officially recognised by that EEA State for the purposes of Article 2.1 of the investor-compensation schemes directive;

F8“insurance intermediary” means an insurance intermediary (within the meaning of Article 2(5) of the insurance mediation directive) or a reinsurance intermediary (within the meaning of Article 2(6) of that Directive);

“investment firm” has the meaning given by Article 1.1 of the investor-compensation schemes directive;

“investor” has the meaning given by Article 1.4 of the investor-compensation schemes directive;

“investor-compensation schemes directive” means the Council and European Parliament Directive 97/9/EC on investor-compensation schemes M4;

F20“relevant AIFM” means an EEA firm falling within paragraph 5(h) of Schedule 3 to the Act which—

1. a

   is authorised by its home state regulator to provide services specified by Annex I to the alternative investment fund managers directive; and

2. b

   is providing those services, or services specified by Article 6.4 of that directive (discretionary portfolio management and non-core services), in the United Kingdom;

F2“relevant management company” means an EEA firm falling within paragraph 5(f) of Schedule 3 to the Act which—

1. a

   is authorised by its home state regulator to provide services of the kind specified by F17Article 6.3 of the UCITS directive (management of portfolios of investments); and

2. b

   is providing those services in the United Kingdom.

F20“UKAIF” has the meaning given in regulation 2 of the Alternative Investment Fund Managers Regulations 2013.