Art. 7 in force at 31.10.2004 for specified purposes and 14.1.2005 otherwise, see art. 1(3)

http://www.legislation.gov.uk/uksi/2003/1476/article/7The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) (No. 2) Order 2003Service Level AgreementsFINANCIAL SERVICES AND MARKETSStatute Law Database2024-09-20Expert Participation2004-10-31This Order implements in part the European Parliament and Council Directive 2002/92/EC on insurance mediation (“the Directive”). A Transposition Note setting out how the main elements of the Directive will be transposed into UK law is available from the Banking and General Insurance Team, HM Treasury, 1 Horseguards Road, London SW1A 2HQ. The Transposition Note is also on HM Treasury’s website (www.hm-treasury.gov.uk).PART 2AMENDMENTS TO THE PRINCIPAL ORDER
7Activities—assisting in the administration and performance of a contract of insurance

After article 39 (other exclusions from the activity of managing investments), insert—

CHAPTER VIIAASSISTING IN THE ADMINISTRATION AND PERFORMANCE OF A CONTRACT OF INSURANCEThe activity

39AAssisting in the administration and performance of a contract of insurance

Assisting in the administration and performance of a contract of insurance is a specified kind of activity.

Exclusions
39BClaims management on behalf of an insurer etc.1

A person does not carry on an activity of the kind specified by article 39A if he acts in the course of carrying on the activity of—

a

expert appraisal;

b

loss adjusting on behalf of a relevant insurer; or

c

managing claims on behalf of a relevant insurer,

and that activity is carried on in the course of carrying on any profession or business.

2

In this article—

a

“relevant insurer” means—

i

a person who has Part IV permission to carry on an activity of the kind specified by article 10;

ii

a person to whom the general prohibition does not apply by virtue of section 316(1)(a) of the Act (members of the Society of Lloyd's);

iii

an EEA firm falling within paragraph 5(d) of Schedule 3 to the Act (insurance undertaking); or

iv

a relevant reinsurer;

b

“relevant reinsurer” means a person whose main business consists of accepting risks ceded by—

i

a person falling within sub-paragraph (i), (ii) or (iii) of the definition of “relevant insurer”; or

ii

a person who is established outside the United Kingdom who carries on an activity of the kind specified by article 10 by way of business.

39COther exclusions

Article 39A is also subject to the exclusions in articles 66 (trustees etc.), 67 (profession or non-investment business), 72A (information society services), 72B (activities carried on by a provider of relevant goods or services), 72C (provision of information about contracts of insurance on an incidental basis) and 72D (large risks contracts where risk situated outside the EEA).

.

This XML file does not appear to have any style information associated with it. The document tree is shown below.
<akomaNtoso xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xsi:schemaLocation="http://docs.oasis-open.org/legaldocml/ns/akn/3.0 http://docs.oasis-open.org/legaldocml/akn-core/v1.0/cos01/part2-specs/schemas/akomantoso30.xsd">
<portion includedIn="http://www.legislation.gov.uk/id/uksi/2003/1476">
<meta>
<identification source="#source">
<FRBRWork>
<FRBRthis value="http://www.legislation.gov.uk/id/uksi/2003/1476"/>
<FRBRuri value="http://www.legislation.gov.uk/id/uksi/2003/1476"/>
<FRBRdate date="2003-06-05" name="made"/>
<FRBRauthor href="http://www.legislation.gov.uk/id/government/uk"/>
<FRBRcountry value="GB-UKM"/>
<FRBRsubtype value="order"/>
<FRBRnumber value="1476"/>
<FRBRname value="S.I. 2003/1476"/>
<FRBRprescriptive value="true"/>
</FRBRWork>
<FRBRExpression>
<FRBRthis value="http://www.legislation.gov.uk/uksi/2003/1476/article/7"/>
<FRBRuri value="http://www.legislation.gov.uk/uksi/2003/1476"/>
<FRBRdate date="2004-10-31" name="validFrom"/>
<FRBRauthor href="#source"/>
<FRBRlanguage language="eng"/>
</FRBRExpression>
<FRBRManifestation>
<FRBRthis value="http://www.legislation.gov.uk/uksi/2003/1476/article/7/data.akn"/>
<FRBRuri value="http://www.legislation.gov.uk/uksi/2003/1476/data.akn"/>
<FRBRdate date="2024-11-19Z" name="transform"/>
<FRBRauthor href="http://www.legislation.gov.uk"/>
<FRBRformat value="application/akn+xml"/>
</FRBRManifestation>
</identification>
<classification source="#source">
<keyword value="service level agreements" showAs="Service Level Agreements" dictionary="http://www.legislation.gov.uk"/>
<keyword value="financial services and markets" showAs="FINANCIAL SERVICES AND MARKETS" dictionary="http://www.legislation.gov.uk"/>
</classification>
<lifecycle source="#source">
<eventRef date="2003-06-05" type="generation" eId="made-date" source="#source"/>
<eventRef date="2003-06-05" eId="laid-date-1" source="#source"/>
<eventRef date="2004-10-31" type="amendment" source="#source"/>
<eventRef date="2004-10-31" eId="effective-date-1" source="#source"/>
</lifecycle>
<analysis source="#source">
<restrictions source="#source">
<restriction refersTo="#e+w+s+ni" type="jurisdiction"/>
<restriction href="#body" refersTo="#e+w+s+ni" type="jurisdiction"/>
<restriction href="#article-7" refersTo="#e+w+s+ni" type="jurisdiction"/>
<restriction href="#part-2" refersTo="#e+w+s+ni" type="jurisdiction"/>
</restrictions>
</analysis>
<temporalData source="#source">
<temporalGroup eId="period1">
<timeInterval start="#effective-date-1" refersTo="#period-concept1"/>
</temporalGroup>
</temporalData>
<references source="#source">
<TLCOrganization eId="source" href="http://www.legislation.gov.uk/id/publisher/StatuteLawDatabase" showAs="Statute Law Database"/>
<TLCLocation eId="e+w+s+ni" href="/ontology/jurisdictions/uk.EnglandWalesScotlandNorthernIreland" showAs="England, Wales, Scotland, Northern Ireland"/>
<TLCConcept eId="period-concept1" href="/ontology/time/2004.10.31" showAs="since 2004-10-31"/>
</references>
<notes source="#source">
<note class="commentary I" eId="key-fc4a1dff930b8b4df0ed2f0b2a44f64c">
<p>
<ref href="http://www.legislation.gov.uk/id/uksi/2003/1476/article/7">Art. 7</ref>
in force at 31.10.2004 for specified purposes and 14.1.2005 otherwise, see
<ref href="http://www.legislation.gov.uk/id/uksi/2003/1476/article/1/3">art. 1(3)</ref>
</p>
</note>
</notes>
<proprietary xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:ukm="http://www.legislation.gov.uk/namespaces/metadata" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:dct="http://purl.org/dc/terms/" xmlns:atom="http://www.w3.org/2005/Atom" source="#source">
<ukl:RestrictStartDate value="2004-10-31"/>
<dc:identifier>http://www.legislation.gov.uk/uksi/2003/1476/article/7</dc:identifier>
<dc:title>The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) (No. 2) Order 2003</dc:title>
<dc:subject>Service Level Agreements</dc:subject>
<dc:subject scheme="SIheading">FINANCIAL SERVICES AND MARKETS</dc:subject>
<dc:publisher>Statute Law Database</dc:publisher>
<dc:modified>2024-09-20</dc:modified>
<dc:contributor>Expert Participation</dc:contributor>
<dct:valid>2004-10-31</dct:valid>
<dc:description>This Order implements in part the European Parliament and Council Directive 2002/92/EC on insurance mediation (“the Directive”). A Transposition Note setting out how the main elements of the Directive will be transposed into UK law is available from the Banking and General Insurance Team, HM Treasury, 1 Horseguards Road, London SW1A 2HQ. The Transposition Note is also on HM Treasury’s website (www.hm-treasury.gov.uk).</dc:description>
<atom:link rel="self" href="http://www.legislation.gov.uk/uksi/2003/1476/article/7/data.xml" type="application/xml"/>
<atom:link rel="http://www.legislation.gov.uk/def/navigation/resources" href="http://www.legislation.gov.uk/uksi/2003/1476/resources" title="More Resources"/>
<atom:link rel="http://www.legislation.gov.uk/def/navigation/act" href="http://www.legislation.gov.uk/uksi/2003/1476" title="whole act"/>
<atom:link rel="http://www.legislation.gov.uk/def/navigation/introduction" href="http://www.legislation.gov.uk/uksi/2003/1476/introduction" title="introduction"/>
<atom:link rel="http://www.legislation.gov.uk/def/navigation/signature" href="http://www.legislation.gov.uk/uksi/2003/1476/signature" title="signature"/>
<atom:link rel="http://www.legislation.gov.uk/def/navigation/note" href="http://www.legislation.gov.uk/uksi/2003/1476/note" title="note"/>
<atom:link rel="http://www.legislation.gov.uk/def/navigation/body" href="http://www.legislation.gov.uk/uksi/2003/1476/body" title="body"/>
<atom:link rel="alternate" type="application/rdf+xml" href="http://www.legislation.gov.uk/uksi/2003/1476/article/7/data.rdf" title="RDF/XML"/>
<atom:link rel="alternate" type="application/akn+xml" href="http://www.legislation.gov.uk/uksi/2003/1476/article/7/data.akn" title="AKN"/>
<atom:link rel="alternate" type="application/xhtml+xml" href="http://www.legislation.gov.uk/uksi/2003/1476/article/7/data.xht" title="HTML snippet"/>
<atom:link rel="alternate" type="text/html" href="http://www.legislation.gov.uk/uksi/2003/1476/article/7/data.htm" title="Website (XHTML) Default View"/>
<atom:link rel="alternate" type="text/csv" href="http://www.legislation.gov.uk/uksi/2003/1476/article/7/data.csv" title="CSV"/>
<atom:link rel="alternate" type="application/pdf" href="http://www.legislation.gov.uk/uksi/2003/1476/article/7/data.pdf" title="PDF"/>
<atom:link rel="alternate" type="application/akn+xhtml" href="http://www.legislation.gov.uk/uksi/2003/1476/article/7/data.html" title="HTML5 snippet"/>
<atom:link rel="http://purl.org/dc/terms/tableOfContents" hreflang="en" href="http://www.legislation.gov.uk/uksi/2003/1476/contents" title="Table of Contents"/>
<atom:link rel="http://purl.org/dc/terms/hasVersion" href="http://www.legislation.gov.uk/uksi/2003/1476/article/7/made" title="made"/>
<atom:link rel="http://purl.org/dc/terms/hasVersion" href="http://www.legislation.gov.uk/uksi/2003/1476/article/7/2004-10-31" title="2004-10-31"/>
<atom:link rel="up" href="http://www.legislation.gov.uk/uksi/2003/1476" title="Entire legislation"/>
<atom:link rel="prev" href="http://www.legislation.gov.uk/uksi/2003/1476/article/6" title="Provision; Article 6"/>
<atom:link rel="prevInForce" href="http://www.legislation.gov.uk/uksi/2003/1476/article/6" title="Provision; Article 6"/>
<atom:link rel="next" href="http://www.legislation.gov.uk/uksi/2003/1476/article/8" title="Provision; Article 8"/>
<atom:link rel="nextInForce" href="http://www.legislation.gov.uk/uksi/2003/1476/article/8" title="Provision; Article 8"/>
<ukm:SecondaryMetadata>
<ukm:DocumentClassification>
<ukm:DocumentCategory Value="secondary"/>
<ukm:DocumentMainType Value="UnitedKingdomStatutoryInstrument"/>
<ukm:DocumentStatus Value="revised"/>
<ukm:DocumentMinorType Value="order"/>
</ukm:DocumentClassification>
<ukm:Year Value="2003"/>
<ukm:Number Value="1476"/>
<ukm:Made Date="2003-06-05"/>
<ukm:Laid Date="2003-06-05" Class="UnitedKingdomParliament"/>
<ukm:ISBN Value="0110468880"/>
</ukm:SecondaryMetadata>
<ukm:Alternatives>
<ukm:Alternative Date="2008-12-04" URI="http://www.legislation.gov.uk/uksi/2003/1476/pdfs/uksi_20031476_en.pdf" Title="Print Version"/>
</ukm:Alternatives>
<ukm:Statistics>
<ukm:TotalParagraphs Value="40"/>
<ukm:BodyParagraphs Value="40"/>
<ukm:ScheduleParagraphs Value="0"/>
<ukm:AttachmentParagraphs Value="0"/>
<ukm:TotalImages Value="0"/>
</ukm:Statistics>
</proprietary>
</meta>
<portionBody eId="body" period="#period1">
<part eId="part-2" period="#period1">
<num>PART 2</num>
<heading>AMENDMENTS TO THE PRINCIPAL ORDER</heading>
<article eId="article-7" period="#period1">
<num>
<noteRef href="#key-fc4a1dff930b8b4df0ed2f0b2a44f64c" marker="I1" class="commentary I"/>
7
</num>
<heading>Activities—assisting in the administration and performance of a contract of insurance</heading>
<content>
<p>After article 39 (other exclusions from the activity of managing investments), insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<hcontainer name="schedule" eId="d4e83">
<num>CHAPTER VIIA</num>
<heading>ASSISTING IN THE ADMINISTRATION AND PERFORMANCE OF A CONTRACT OF INSURANCE</heading>
<hcontainer name="crossheading" eId="d4e90">
<heading>The activity</heading>
<article eId="d4e96">
<num>39A</num>
<heading>Assisting in the administration and performance of a contract of insurance</heading>
<content>
<p>Assisting in the administration and performance of a contract of insurance is a specified kind of activity.</p>
</content>
</article>
</hcontainer>
<hcontainer name="crossheading" eId="d4e102">
<heading>Exclusions</heading>
<article eId="d4e108">
<num>39B</num>
<heading>Claims management on behalf of an insurer etc.</heading>
<paragraph eId="d4e112">
<num>1</num>
<intro>
<p>A person does not carry on an activity of the kind specified by article 39A if he acts in the course of carrying on the activity of—</p>
</intro>
<subparagraph eId="d4e118">
<num>a</num>
<content>
<p>expert appraisal;</p>
</content>
</subparagraph>
<subparagraph eId="d4e124">
<num>b</num>
<content>
<p>loss adjusting on behalf of a relevant insurer; or</p>
</content>
</subparagraph>
<subparagraph eId="d4e130">
<num>c</num>
<content>
<p>managing claims on behalf of a relevant insurer,</p>
</content>
</subparagraph>
<wrapUp>
<p>and that activity is carried on in the course of carrying on any profession or business.</p>
</wrapUp>
</paragraph>
<paragraph eId="d4e138">
<num>2</num>
<intro>
<p>In this article—</p>
</intro>
<subparagraph eId="d4e144">
<num>a</num>
<intro>
<p>“relevant insurer” means—</p>
</intro>
<clause eId="d4e150">
<num>i</num>
<content>
<p>a person who has Part IV permission to carry on an activity of the kind specified by article 10;</p>
</content>
</clause>
<clause eId="d4e156">
<num>ii</num>
<content>
<p>a person to whom the general prohibition does not apply by virtue of section 316(1)(a) of the Act (members of the Society of Lloyd's);</p>
</content>
</clause>
<clause eId="d4e162">
<num>iii</num>
<content>
<p>an EEA firm falling within paragraph 5(d) of Schedule 3 to the Act (insurance undertaking); or</p>
</content>
</clause>
<clause eId="d4e168">
<num>iv</num>
<content>
<p>a relevant reinsurer;</p>
</content>
</clause>
</subparagraph>
<subparagraph eId="d4e174">
<num>b</num>
<intro>
<p>“relevant reinsurer” means a person whose main business consists of accepting risks ceded by—</p>
</intro>
<clause eId="d4e180">
<num>i</num>
<content>
<p>a person falling within sub-paragraph (i), (ii) or (iii) of the definition of “relevant insurer”; or</p>
</content>
</clause>
<clause eId="d4e186">
<num>ii</num>
<content>
<p>a person who is established outside the United Kingdom who carries on an activity of the kind specified by article 10 by way of business.</p>
</content>
</clause>
</subparagraph>
</paragraph>
</article>
<article eId="d4e195">
<num>39C</num>
<heading>Other exclusions</heading>
<content>
<p>Article 39A is also subject to the exclusions in articles 66 (trustees etc.), 67 (profession or non-investment business), 72A (information society services), 72B (activities carried on by a provider of relevant goods or services), 72C (provision of information about contracts of insurance on an incidental basis) and 72D (large risks contracts where risk situated outside the EEA).</p>
</content>
</article>
</hcontainer>
</hcontainer>
</quotedStructure>
</mod>
<inline name="AppendText">.</inline>
</p>
</content>
</article>
</part>
</portionBody>
</portion>
</akomaNtoso>