(1) The Financial Services and Markets Act 2000 (Compensation Scheme: Electing Participants) Regulations 2001 [S.I. 2001/1783.] are amended as follows.

(2) In regulation 1(2) (interpretation), after the definition of "home State investor-compensation scheme", insert -

""insurance intermediary" means an insurance intermediary (within the meaning of Article 2(5) of the insurance mediation directive) or a reinsurance intermediary (within the meaning of Article 2(6) of that Directive);".

(3) In regulation 2 (persons not to be regarded as relevant persons) -

(a) at the end of paragraph (a), omit "and"; and

(b) after paragraph (b), insert -

"; and

(c) any insurance intermediary.".

(4) In regulation 3(1) (persons who may elect to participate) -

(a) at the end of sub-paragraph (a), omit "and"; and

(b) after sub-paragraph (b), insert -

"; and