# The Financial Services and Markets Act 2000 (Rights of Action) Regulations 2001, Regulation 3: Private person

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

(1) In these Regulations, “private person” means—
(a) any individual, unless he suffers the loss in question in the course of carrying on—
(i) any regulated activity; or
(ii) any activity which would be a regulated activity apart from any exclusion made by article 72 (overseas persons) ... of the Regulated Activities Order; ...
(b) any person who is not an individual, unless he suffers the loss in question in the course of carrying on business of any kind;
(c) a relevant recipient of credit (within the meaning of the Regulated Activities Order) who is not an individual and who has suffered the loss in question in connection with an activity of the kind specified by article 36A, 39D, 39E, 39F, 39G, 60B, 60N, 89A or 89B of that Order or article 64 of that Order so far as relevant to any of those activities, and
(d) a person who is, by virtue of article 36J of that Order, to be regarded as a person who uses, may use, has or may have used or has or may have contemplated using, services provided by authorised persons in carrying on a regulated activity of the kind specified by article 36H of that Order or article 64 of that Order so far as relevant to that activity,
but does not include a government, a local authority (in the United Kingdom or elsewhere) or an international organisation.
(2) For the purposes of paragraph (1)(a), an individual who suffers loss in the course of effecting or carrying out contracts of insurance (within the meaning of article 10 of the Regulated Activities Order) written at Lloyd’s is not to be taken to suffer loss in the course of carrying on a regulated activity.

---
Source: https://www.legislation.gov.uk/uksi/2001/2256/regulation/3 (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000-rights-of-action-regulations-2001/regulation-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.