PART 4Amendments to instruments made under the Act

Amendment to the Financial Services and Markets Act 2000 (Compensation Scheme: Electing Participants) Regulations 200120

In the Financial Services and Markets Act 2000 (Compensation Scheme: Electing Participants) Regulations 200151, in regulation 1(2) (interpretation), for the definition of “insurance intermediary”52, 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);