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2.—(1) In these Regulations—
“the Act” means the Financial Services and Markets Act 2000(1);
“advising”, “manufacturing”, “marketing” and “selling”, in relation to a PRIIP, have the same meaning as in the PRIIPs regulation;
“FCA” means the Financial Conduct Authority;
“key information document” means a key information document required by Article 5 of the PRIIPs regulation(2);
“person selling a PRIIP” has the meaning given by Article 4(5) of the PRIIPs regulation;
“PRIIP” has the meaning given by Article 4(3) of the PRIIPs regulation;
“PRIIP manufacturer” has the meaning given by Article 4(4) of the PRIIPs regulation;
“PRIIPs regulation” means Regulation (EU) No 1286/2014 of the European Parliament and of the Council of 26 November 2014 on key information documents for packaged retail and insurance-based investment products;
“retail investor” has the meaning given by Article 4(6) of the PRIIPs regulation;
“Tribunal” means the Upper Tribunal;
“unauthorised person” means a PRIIP manufacturer or a person advising on, selling or marketing a PRIIP who is not an authorised person within the meaning of section 31(2) of the Act.
(2) In these Regulations, the “PRIIPs requirements” means any of the following provisions of the PRIIPs regulation—
(a)Article 5(1) (drawing up and publishing the key information document);
(b)Article 6 (form and content of the key information document);
(c)Article 7 (language requirements for the key information document);
(d)Article 8(1) to (3) (further provision about the content of the key information document);
(e)Article 9 (marketing communications);
(f)Article 10(1) (review and revision of the key information document);
(g)Articles 13(1), (3) and (4) and 14 (provision of the key information document);
(h)Article 19 (complaints procedures).
OJ No L 352, 9.12.2014, p.1.
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