These Regulations specify the description of the persons regulated by the Financial Conduct Authority under section 9 of the Civil Liability Act 2018 (c. 29), in order to give effect to the restrictions on the settlement of whiplash claims, provided for in that Act. For the purposes of the Act, a regulated person is described as a person who is authorised under the Financial Services and Markets Act 2000 (c. 8) and who deals with whiplash claims.