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The Financial Services and Markets Act 2000 (Consequential Amendments) Order 2002

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Appropriate schemes

33.—(1) The Personal Pension Schemes (Compensation) Regulations 1988 are amended as follows.

(2) In regulation 2 (application of regulations)—

(a)in paragraph (a)(1) for “regulation 2(1)(a)” substitute “regulation 2(2)(a)”; and

(b)in paragraph (d)(2) for “regulation 2(1)(c)” substitute “regulation 2(2)(c)”.

(3) In regulation 3 (requirements to be complied with by liable schemes in event of insolvency), in paragraph (1) and paragraph (3)(3) for “regulation 2(1)” (in each place it appears) substitute “regulation 2(2)”.

(1)

Paragraph (a) was substituted by S.I. 2001/3649, article 394(1).

(2)

Paragraph (d) was substituted by S.I. 2001/3649, article 394(4).

(3)

Paragraphs (1) and (3) were was substituted by S.I. 2001/3649, article 395(4).

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