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The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2016

The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2016 reg 9

reg 9 Amendment of the Small and Medium Sized Business (Finance Platforms) Regulations 2015

In the Small and Medium Sized Business (Finance Platforms) Regulations 2015 — (a) in regulation 2(1) (interpretation), after the definition of “the 2000 Act” insert— “ broker ” means a person who, as part of that person's usual business activities, effects introductions of persons seeking finance to finance providers; (b) in regulation 3(3) (designated banks to provide information to designated finance providers)— (i) at the end of sub-paragraph (c) omit “or”; and (ii) after sub-paragraph (d) insert— ; or (e) the application was made by a broker on behalf of the business.

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