(1) In these Regulations -

"the 2000 Act" means the Financial Services and Markets Act 2000 [2000 c. 8.];

"broker" means a person who, as part of that person's usual business activities, effects introductions of persons seeking finance to finance providers;

"designated firm" means a designated bank or a designated finance platform;

"the FCA" means the Financial Conduct Authority;

"finance application" means a request in any form for a finance facility, whether such request is made for a new facility or for the renewal or extension of an existing facility, where - (a) the request is supported by sufficient information to enable the recipient to make an informed decision as to whether to provide the requested finance facility, or (b) the recipient has responded by requesting further specific information to enable it to make an informed decision as to whether to provide the requested finance facility;