{
  "url": "https://openlegislation.uk/financial-services-and-markets-act-2000-markets-in-financial-instruments-regulations-2017/schedule-3/paragraph-3",
  "json_url": "https://openlegislation.uk/financial-services-and-markets-act-2000-markets-in-financial-instruments-regulations-2017/schedule-3/paragraph-3.json",
  "legislation": "uksi/2017/701",
  "legislation_title": "The Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 2017",
  "legislation_url": "https://openlegislation.uk/financial-services-and-markets-act-2000-markets-in-financial-instruments-regulations-2017",
  "path": "schedule/3/paragraph/3",
  "kind": "paragraph",
  "number": "3",
  "heading": "Financial Services and Markets Act 2000 (Appointed Representatives) Regulations 2001",
  "text": "(1) The Financial Services and Markets Act 2000 (Appointed Representatives) Regulations 2001 are amended as follows.\n(2) In regulation 2 (descriptions of business for which appointed representatives are exempt)—\n(a) in paragraph (1)(a) for “or relevant investments” substitute “ , relevant investments or structured deposits ”;\n(b) in paragraph (1A) , for “an EEA investment firm or an EEA credit institution” substitute “ a person who has a Part 4A permission for the purposes of the capital requirements directive or the markets in financial instruments directive, an EEA investment firm, or an EEA credit institution ”; and\n(c) in paragraph (1B) , for “1.10 and 1.17” substitute “ 1.9 and 1.15 ”.\n(3) In regulation 3 (requirements applying to contracts between authorised persons and appointed representatives)—\n(a) in the closing words of paragraph (2) for “or a relevant investment” substitute “ , a relevant investment or a structured deposit ”.\n(b) for paragraph (6) substitute—\n“(6) In the case of a representative to whom section 39(1A) or (1AA) of the Act applies (“R”), it is a prescribed requirement for the purposes of section 39(1)(a)(ii), except where paragraph (1A) applies, that the contract between the principal and R must—\n(a) where section 39(1A) of the Act applies to R, contain a provision that R is only permitted to provide the services and carry on the activities referred to in Article 4.1.29 (definitions) of the markets in financial directive while R is entered on the applicable register; or\n(b) where section 39(1AA) of the Act applies to R, contain a provision that R is only permitted to sell, or advise clients on, structured deposits as defined by Article 4.1.43 of that directive while R is entered on the applicable register.”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "M",
      "label": "M1",
      "text": "S.I. 2001/1217."
    },
    {
      "type": "M",
      "label": "M2",
      "text": "Paragraph (1)(a) was amended by S.I. 2003/1476."
    },
    {
      "type": "M",
      "label": "M3",
      "text": "Paragraph (1A) was inserted by S.I. 2006/3414 and further amended by S.I. 2017/488."
    },
    {
      "type": "M",
      "label": "M4",
      "text": "Paragraph (1B) was inserted by S.I. 2006/3414."
    },
    {
      "type": "M",
      "label": "M5",
      "text": "The closing words of paragraph (2) were amended by S.I. 2003/1476; there are other amendments but none is relevant."
    },
    {
      "type": "M",
      "label": "M6",
      "text": "Paragraph (6) was inserted by S.I. 2006/3414."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2017/701/schedule/3/paragraph/3",
    "retrieved_at": "2026-10-28T23:10:02.096065+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}