# The Financial Services and Markets Act 2000 (Compensation Scheme: Electing Participants) Regulations 2001, Regulation 2: Persons not to be regarded as relevant persons

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

(1) For the purposes of section 213(10) of the Act (certain persons not to be regarded as relevant persons unless they elect to participate), the following categories are prescribed—
(a) any investment firm; ...
(b) any credit institution ; ...
(c) any insurance intermediary ; ...
(d) any relevant management company ; ...
(e) any relevant AIFM ; and
(f) any relevant mortgage intermediary.
(2) The persons mentioned in paragraph (1)(a), (b), (c) and (f) are prescribed in relation to all authorised activities.
(3) A relevant management company is prescribed in relation to all authorised activities other than any collective portfolio management services set out in Annex II to the UCITS directive which it is providing to a UCITS in the United Kingdom.
(4) A relevant AIFM is prescribed in relation to all authorised activities other than—
(a) any services specified by Annex I to the alternative investment fund managers directive provided in respect of an authorised trust scheme, an authorised contractual scheme or an authorised open-ended investment company; or
(b) any activities undertaken as an authorised manager of an ELTIF, as permitted by the ELTIF Regulation.

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Source: https://www.legislation.gov.uk/uksi/2001/1783/regulation/2 (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000-compensation-scheme-electing-participants-regulations-2001/regulation-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.