Status: You are viewing the version of the handbook as on 2009-03-31.

participant firm

      1. (1) (except in 32FEES 1 and 4649 FEES 6 32 ) a firm or a member 16 other than:
        1. (a) (in accordance with section 213(10) of the Act (The compensation scheme) and regulation 2 of the Electing Participants Regulations (Persons not to be regarded as relevant persons) an incoming EEA firm which is:
          1. (i) a credit institution ;
          1. (ii) 46a MiFID investment firm46 ; or
          1. (iii) a UCITS management company; 16
          1. (iv) both (i) and (ii); or16
          1. (v) an IMD insurance intermediary or an IMD reinsurance intermediary which is neither (i) or (ii);16
          in relation to its passported activities, unless it has top-up cover (and in the case of a UCITS management company , only in relation to the services referred to in Article 5(3) of the UCITS Directive , that is managing investments (other than of a collective investment scheme), advising on investments or safeguarding and administering investments);
        1. (b) a service company;
        1. (c) [deleted]
        1. (d) [deleted]
        1. (e) an underwriting agent , or members' adviser , in respect of advising on syndicate participation at Lloyd's or managing the underwriting capacity of a Lloyd's syndicate as a managing agent at Lloyd's;
        1. (f) an authorised professional firm that is subject to the rules of the Law Society (England and Wales) or the Law Society of Scotland;
        1. (g) an ICVC;
        1. (h) a UCITS qualifier;
        1. (i) an ELMI in relation to issuing e-money.
      1. (2) (in 32FEES 1 and49 FEES 6 32 ) a firm specified in paragraph (1) above that is not a member.546121516