3. In these Regulations “selling scheme” means a scheme to which Part XI of the Fair Trading Act 1973 applies other than a scheme under which –
(a)the prospect of receiving payments or other benefits in respect of all or any of the matters specified in section 118(2) of that Act is held out to only one participant in the United Kingdom; or
(b)the only prospect held out to any participant of receiving payments or other benefits in respect of matters so specified is the prospect of receiving a sum not exceeding £30 in respect of the introduction by him of another person who becomes a participant.