PART 2 AMENDMENTS OF PRIMARY LEGISLATION

3 Amendments of the Financial Services and Markets Act 2000
1 The Act is amended as follows.
2 In section 1G (meaning of “consumer”), in subsection (1)—
(a) at the end of paragraph (c) omit “or”; and
(b) at the end of paragraph (d) insert—

“, or
(e) have rights, interests or obligations that are affected by the level of a regulated benchmark”

.
3 In section 1H (further interpretative provisions for sections 1B to 1G), after subsection (7) insert—

“7A “Regulated benchmark” means a benchmark, as defined in section 22(6), in relation to which any provision made under section 22(1A)(b) has effect”

.
4 In section 425A (consumers: regulated activities etc carried on by authorised persons)—
(a) at the end of subsection (2)(a), omit “or”;
(b) at the end of subsection (2)(b), after “services” insert—

“; or
(c) whose rights, interests or obligations are affected by the level of a regulated benchmark”

; and
(c) in subsection (7), after the definition of “credit institution”, insert—

““regulated benchmark” means a benchmark, as defined in section 22(6), in relation to which any provision made under section 22(1A)(b) has effect.”

.
Inserted by sections 24(1) and (2) of and Schedule 2, Part 1, paragraphs 1 and 32 to the Financial Services Act 2010 (c. 28).