Regulation 2 Application of Regulations

These Regulations apply to any scheme except a scheme which takes the form—

F1(a)

mentioned in F2regulation 2(2)(a) of the Appropriate Schemes Regulations (insurance policies and annuity contracts), being a scheme established by an authorised insurer who is subject to the provisions of, or participates in, the Financial Services Compensation Scheme:

F3(b)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(c)

mentioned in regulation 2(1)(b) of those Regulations (unit trust schemes), being a scheme of which the trustee and operator are both subject to the provisions of F4the Financial Services Compensation Scheme; and

F5(d)

mentioned in F6regulation 2(2)(c) of those Regulations (interest-bearing accounts etc. with banks and building societies) being a scheme which is established by an authorised deposit taker who is subject to the provisions of, or participates in, the Financial Services Compensation Scheme.

and in these Regulations a scheme to which these Regulations apply is referred to as a “liable scheme”.

Annotations

Textual amendments

F1: Reg. 2(a) substituted (1.12.2001) by The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001 (S.I. 2001/3649), arts. 1, 394(1)
F2: Words in reg. 2(a) substituted (3.7.2002) by The Financial Services and Markets Act 2000 (Consequential Amendments) Order 2002 (S.I. 2002/1555), arts. 1, 33(2)(a)
F3: Reg. 2(b) revoked (1.12.2001) by The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001 (S.I. 2001/3649), arts. 1, 394(2)
F4: Words in reg. 2(c) substituted (1.12.2001) by The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001 (S.I. 2001/3649), arts. 1, 394(3)
F5: Reg. 2(d) substituted (1.12.2001) by The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001 (S.I. 2001/3649), arts. 1, 394(4)
F6: Words in reg. 2(d) substituted (3.7.2002) by The Financial Services and Markets Act 2000 (Consequential Amendments) Order 2002 (S.I. 2002/1555), arts. 1, 33(2)(b)