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The Solvency 2 Regulations 2015

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Occupational Pension Schemes (Scheme Administration) Regulations (Northern Ireland) 1997

This section has no associated Explanatory Memorandum

7.—(1) The Occupational Pension Schemes (Scheme Administration) Regulations (Northern Ireland) 1997(1) are amended as follows.

(2) In regulation 1 (interpretation), in paragraph (2)—

(a)omit the definition of “the Life Directive”;

(b)insert at the appropriate place—

“the Solvency 2 Directive” means Directive 2009/138/EC of the European Parliament and of the Council of 25 November 2009 on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II);;

(c)in the definition of “insurance policy” for “Article 2 of the Life Directive, but excluding a contract of a kind referred to in Article 2(2)(c) or (d) of that Directive” substitute “Article 2(3) of the Solvency 2 Directive, but excluding a contract of a kind referred to in Article 2(3)(b)(iii) or (iv) of that Directive”;

(d)in the definition of “qualifying insurance policy” for “Annex I to the Life Directive” substitute “Annex II to the Solvency 2 Directive”.

(1)

S.I. 1997/94; relevant amending instruments are S.I. 2005/421 and 2006/141.

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