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intermediary service

means, subject to subsection (3)(b), any act other than the furnishing of advice, performed by a person for or on behalf of a client or product supplier –

a) the result of which is that a client may enter into, offers to enter into or enters into any transaction in respect of a financial product with a product supplier; or
b) with a view to -
i) buying, selling or otherwise dealing in (whether on a discretionary or non-discretionary basis), managing, administering, keeping in safe custody, maintaining or servicing a financial product purchased by a client from a product supplier or in which the client has invested;
ii) collecting or accounting for premiums or other moneys payable by the client to a product supplier in respect of a financial product; or
iii) receiving, submitting or processing the claims of a client against a product supplier;