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The Occupational Pension Schemes (Discharge of Liability) Regulations 1997

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There are currently no known outstanding effects for the The Occupational Pension Schemes (Discharge of Liability) Regulations 1997, Section 2. Help about Changes to Legislation

Requirements applying to policies of insurance and annuity contracts

2.—(1) The requirements referred to in section 19(4)(a)(ii) of the 1993 Act (requirements applying to policies of insurance or annuity contracts for the purposes of discharging liabilities for guaranteed minimum pensions) are that the insurance policy is taken out or the annuity contract is entered into with

[F1(a)a person who has permission under Part 4 of the Financial Services and Markets Act 2000 to effect or carry out contracts of long-term insurance; F2...]

F2(b). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

[F3(2) [F4Sub-paragraph (a)] of paragraph (1) must be read with—

(a)section 22 of the Financial Services and Markets Act 2000;

(b)any relevant order under that section; and

(c)Schedule 2 to that Act.]

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