In re Digital Satellite Warranty Cover Ltd and others: [2011] EWCA Civ 1413; [2011] WLR (D) 352
“A contract for repair or replacement only in the event of breakdown or malfunction which did not oblige the insurer to indemnify the insured for costs which the insured himself incurred fell within paragraph (b) of class 16 Schedule I to the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001.”
WLR Daily, 29th November 2011
Source: www.iclr.co.uk