Amendment to the Financial Services and Markets Act 2000 (Compensation Scheme: Electing Participants) Regulations 2001
This section has no associated Explanatory Memorandum
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);”.
(1)
(2)
The definition of “insurance intermediary” was inserted by S.I. 2003/1476.