(1) The Financial Services and Markets Act 2000 (Appointed Representatives) Regulations 2001 [S.I. 2001/1217; amended by S.I. 2001/2508 and S.I. 2003/1475.] are amended as follows.
(2) In regulation 1(2) (interpretation), for "and "contractually based investment"", substitute, ","contract of insurance", "contract of general insurance" and "relevant investment"".
(3) In regulation 2(1) (descriptions of business for which appointed representatives are exempt) -
(a) before sub-paragraph (a), insert -
"(aa) an activity of the kind specified by article 21 of the Regulated Activities Order (dealing in investments as agent), where the transaction relates to a contract of general insurance;";
(b) in sub-paragraph (a) -
(i) for "the Regulated Activities Order", substitute "that Order"; and
(ii) for "contractually based investments", substitute "relevant investments";
(c) after sub-paragraph (ab) [Inserted by S.I. 2003/1475.], insert -
"(ac) an activity of the kind specified by article 39A of th
…