PART 4Amendment of the Small and Medium Sized Business (Finance Platforms) Regulations 2015

Amendment of the Small and Medium Sized Business (Finance Platforms) Regulations 20159

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;

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.