# The Financial Services and Markets Act 2000 (Appointed Representatives) Regulations 2001, Regulation 1: Citation, commencement and interpretation

Extent: E+W+S+N.I.

(1) These Regulations may be cited as the Financial Services and Markets Act 2000 (Appointed Representatives) Regulations 2001, and come into force on the day on which section 19 of the Act comes into force.
(2) In these Regulations—
“buy”, “sell”, “security” ,“contract of insurance”, “qualifying contract of insurance” , “relevant investment” and “structured deposit” have the same meaning as in the Regulated Activities Order;
“contract of long-term care insurance” means a contract of insurance in respect of which the following conditions are met—
(a)the purpose (or one of the purposes) of the policy is to protect the policyholder against the risk of becoming unable to live independently without assistance in consequence of a deterioration of mental or physical health, injury, sickness or other infirmity;
(b)benefits under the contract are payable in respect of—
(i)services,
(ii)accommodation, or
(iii)goods,
which are (or which is) necessary or desirable due to a deterioration of mental or physical health, injury, sickness or other infirmity;
(c)the contract is expressed to be in effect until the death of the policyholder (except that the contract may give the policyholder the option to surrender the policy); and
(d)the benefits under the contract are capable of being paid throughout the life of the policyholder;
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“funeral plan contract” has the same meaning as in article 59 of the Regulated Activities Order;
“home purchaser” has the same meaning as in article 63F(3) of the Regulated Activities Order;
“other counterparties” means persons other than the principal;
“plan provider” has the meaning given by paragraph (3) of article 63B of the Regulated Activities Order, read with paragraphs (7) and (8) of that article;
“the principal”, in relation to a contract, means the party who is an authorised person, and “the representative” means the other party;
“the Regulated Activities Order” means the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001;
“regulated home purchase plan” has the same meaning as in article 63F(3) of the Regulated Activities Order;
“regulated home reversion plan” has the same meaning as in article 63B(3) of the Regulated Activities Order;
“regulated mortgage contract”, and “borrower” in relation to such a contract, have the same meaning as in article 61(3) of the Regulated Activities Order;
“reversion seller” has the same meaning as in article 63B(3) of the Regulated Activities Order.

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Source: https://www.legislation.gov.uk/uksi/2001/1217/regulation/1 (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000-appointed-representatives-regulations-2001/regulation-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.