The Insurance Distribution (Regulated Activities and Miscellaneous Amendments) Order 2018

Amendment to the Financial Services and Markets Act 2000 (Compensation Scheme: Electing Participants) Regulations 2001 U.K.

20.  In the Financial Services and Markets Act 2000 (Compensation Scheme: Electing Participants) Regulations 2001(1), in regulation 1(2) (interpretation), for the definition of “insurance intermediary”(2), substitute—

““insurance intermediary” means an insurance intermediary (as defined in Article 2.1(3) of the insurance distribution directive), an ancillary insurance intermediary (as defined in Article 2.1(4) of the insurance distribution directive) or a reinsurance intermediary (as defined in Article 2.1(5) of the insurance distribution directive);”.

Commencement Information

I1 Art. 20 in force at 23.5.2018 for specified purposes, see art. 1(2)(a)

I2 Art. 20 in force at 1.10.2018 in so far as not already in force, see art. 1(2)(b)

(1)

S.I. 2001/1783.

(2)

The definition of “insurance intermediary” was inserted by S.I. 2003/1476.