The Solvency 2 Regulations 2015

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

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.