Amendment of the Small and Medium Sized Business (Finance Platforms) Regulations 2015
This section has no associated Explanatory Memorandum
9. In the Small and Medium Sized Business (Finance Platforms) Regulations 2015(1)—
(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;”; and
(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.”.
(1)