(1) The Financial Services and Markets Act 2000 (Compensation Scheme: Electing Participants) Regulations 2001 [S.I. 2001/1783.] is amended as follows.
(2) In regulation 1(2) [Regulation 1(2) was amended by S.I. 2003/2066, S.I. 2011/1613, S.I. 2013/3115, S.I. 2013/1773 and S.I. 2015/910.] (citation, commencement and interpretation) insert the following definition in the appropriate place -
""ELTIF" means a UK AIF that has been authorised by the FCA as a European longterm investment fund under Article 6 of Regulation (EU) No 2015/760 of the European Parliament and of the Council of 29th April 2015 on European Long-term Investment Funds.".
(3) For regulation 2(4) [Regulation 2(4) was inserted by S.I. 2013/1773.] (persons not to be regarded as relevant persons) substitute -
"(4) A relevant AIFM is prescribed in relation to all authorised activities other than -
(a) any services specified by Annex I to the alternative investment fund managers directive provided in respect of an authori