The Transfer of Functions (Insurance) Order 1997

Policyholders Protection Act 1975 (c. 75)

98.  The Policyholders Protection Act 1975 shall be amended as follows.

99.  For “Secretary of State”, in each place it occurs, there shall be substituted “Treasury”.

100.  In section 11(10)(b) for “him” there shall be substituted “the Treasury”.

101.  In section 25(1)—

(a) for “considers” there shall be substituted “consider”; and

(b) for “he” and for “him” there shall be substituted “the Treasury”.

102.  In section 28—

(a) in subsections (1), (3) and (4) for “his”, in each place it occurs, there shall be substituted “their”;

(b) in subsection (2) for “receives” there shall be substituted “receive”; and

(c) in subsection (3) for “is required” there shall be substituted “are required”.

103.  In section 29—

(a) for “him” there shall be substituted “them”; and

(b) for “his”, in both places it occurs, there shall be substituted “their”.

104.  In Schedule 1—

(a) in paragraph 1(5) for “him” there shall be substituted “them”;

(b) in paragraph 4(3) for “is”, in the first place it occurs, there shall be substituted “are”; and

(c) in paragraph 5(2) for “his” there shall be substituted “their”.

105.  In Schedule 3—

(a) in paragraph 4(1) for “him” there shall be substituted “them”; and

(b) in paragraph 5(3) after “exercise by” there shall be inserted “the Treasury or”.