1. This Regulation applies to -

(a) PRIIP manufacturers in relation to PRIIPs which are, or are to be, made available to retail investors in the United Kingdom; and

(b) persons advising on, or selling, PRIIPs.

2. This Regulation shall not apply to the following products:

(a) non-life insurance products as listed in Annex I to Directive 2009/138/EC;

(b) life insurance contracts where the benefits under the contract are payable only on death or in respect of incapacity due to injury, sickness or infirmity;

(c) deposits other than structured deposits as defined in point (23) of Article 2(1) of the markets in financial instruments regulation;

(d) non-equity securities (as defined in point (c) of Article 2(1) of Directive 2003/71/EC) issued by -

(i) the United Kingdom, any part of the United Kingdom, or a third country;