Amendment of the Pension Schemes (Northern Ireland) Act 1993
This section has no associated Explanatory Memorandum
2.—(1) The Pension Schemes (Northern Ireland) Act 1993() is amended as follows.
(2) In section 1 (categories of pension schemes)(), in subsection (1), in the definition of “occupational pension scheme”() omit paragraph (b) and the “and” before it, but not the “or” following it.
(3) In section 15 (discharge of liability where guaranteed minimum pensions secured by insurance policies or annuity contracts)(), in subsection (4)(a)(i) omit “or any other EEA state”.
(4) In section 145 (procedure on an investigation)(), in subsection (6)—
(a)in paragraph (k), omit “, EEA central counterparty” and “, EEA CSD”;
(b)in paragraph (m)(), omit “other than the United Kingdom”.
(5) In section 154A (other disclosures by the Department)(), in the table in subsection (1), in the entry beginning “A recognised investment exchange”—
(a)in column 1 omit “, EEA central counterparty” and “, EEA CSD”;
(b)in column 2, for the words from “or central securities depository” to the end of the entry substitute “, central securities depository or central counterparty”.
(6) In section 161 (application of certain provisions to cases with foreign element)(), in subsection (6), for “territory of the member States” substitute “United Kingdom”.
(7) In section 175A (insurer and long-term insurance business)(), in subsection (1) omit paragraph (b) and the “or” before it.
(8) In section 176(1) (general interpretation)(), omit the definitions of “EEA agreement” and “EEA state”().