Use of intermediaries

You are reading current version in effect from 25 November 2019
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You are reading current version in effect from 25 November 2019

Glossary terms

person

includes a body of persons (corporate or unincorporated)

insurance distribution

has the meaning given in the FCA Handbook

reinsurance distribution

has the meaning given in article 2(1)(2) and article 2(2) of the IDD

insurance distribution activity

means any of the following regulated activities as specified in the Regulated Activities Order which are carried on in relation to a contract of insurance or rights to or interests in a life policy:

  1. dealing in investments as agent (article 21) 
  2. arranging (bringing about) deals in investments (article 25(1))
  3. making arrangements with a view to transactions in investments (article 25(2))
  4. assisting in the administration and performance of a contract of insurance (article 39A)
  5. advising on investments (except peer to peer agreements) (article 53(1))
  6. agreeing to carry on a regulated activity in (a) to (e) above (article 64).
home finance mediation activity

has the meaning given in the FCA Handbook

EEA

means European Economic Area

IDD

means Directive (EU) 2016/97 on insurance distribution

Financial Services Register

means the record maintained by the FCA as required by section 347 of the FSMA and including those persons who carry on, or are proposing to carry on, insurance distribution activities