# The Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 2017, Paragraph 3: Financial Services and Markets Act 2000 (Appointed Representatives) Regulations 2001


(1) The Financial Services and Markets Act 2000 (Appointed Representatives) Regulations 2001 are amended as follows.
(2) In regulation 2 (descriptions of business for which appointed representatives are exempt)—
(a) in paragraph (1)(a) for “or relevant investments” substitute “ , relevant investments or structured deposits ”;
(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
(c) in paragraph (1B) , for “1.10 and 1.17” substitute “ 1.9 and 1.15 ”.
(3) In regulation 3 (requirements applying to contracts between authorised persons and appointed representatives)—
(a) in the closing words of paragraph (2) for “or a relevant investment” substitute “ , a relevant investment or a structured deposit ”.
(b) for paragraph (6) substitute—
“(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—
(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
(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.”.

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Source: https://www.legislation.gov.uk/uksi/2017/701/schedule/3/paragraph/3 (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000-markets-in-financial-instruments-regulations-2017/schedule-3/paragraph-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.