For the purposes of sections 404 to 404B "consumers" means persons who—
The services within this subsection are services provided by—
A person ("P") has a "relevant right or interest" in relation to any services within subsection (2) if P has a right or interest—
If a person is providing a service within subsection (2) as a trustee, the persons who have been, or may have been, beneficiaries of the trust are to be treated as persons who have used, or may have contemplated using, the service.
A person who deals with another person ("B") in the course of B providing a service within subsection (2) is to be treated as using the service.
In this section—
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"engage in claims management activity" has the meaning given by section 21;
"engage in investment activity" has the meaning given by section 21;
"electronic money" has the same meaning as in the Electronic Money Regulations 2011 and any reference to issuing electronic money must be read accordingly;
"payment services" has the same meaning as in the Payment Services Regulations 2017;
"payment service provider" means a person who is a payment service provider for the purposes of those regulations as a result of falling within any of paragraphs (a) to (g) of the definition in regulation 2(1);
"relevant ancillary services" has the meaning given by section 138(1C).