The Insurance Accounts Directive (Miscellaneous Insurance Undertakings) Regulations (Northern Ireland) 1994

Interpretation

2.—(1) The Interpretation Act (Northern Ireland) 1954(1) shall apply to these Regulations as it applies to a Measure of the Northern Ireland Assembly.

(2) In these Regulations—

“the 1986 Order” means the Companies (Northern Ireland) Order 1986(2);

“director” includes, in the case of a body which is not a company, any corresponding officer of that body;

“industrial and provident society” means a registered society within the meaning given by section 101 of the Industrial and Provident Societies Act (Northern Ireland) 1969(3);

“qualifying body” shall be construed in accordance with paragraphs (3) and (4);

“statutory provision” has the meaning assigned to it by section l(f) of the Interpretation Act (Northern Ireland) 1954;

and other expressions shall have the meanings ascribed to them by the 1986 Order.

(3) Subject to paragraph (4), a body incorporated in or formed under the law of Northern Ireland is a qualifying body for the purpose of these Regulations if it—

(a) is incorporated by or registered under any enactment or public general Act or Parliament;

(b) is required to be authorised under section 2 of the Insurance Companies Act 1982(4); and

(c) is not required by any statutory provision to prepare accounts under Part VIII of the 1986 Order (Accounts and audit).

(4) A body is not a qualifying body for the purposes of these Regulations if it—

(a) is excluded from the scope of Council Directive 73/239/EEC(5) by Article 3 of that Directive; or

(b) is referred to in Article 2(2) or (3) or 3 of Council Directive 79/267/EEC(6).

(5) Any reference in these Regulations to the accounts required by or prepared under regulation 3 is a reference to the annual accounts, the annual report and the auditors' report required by or prepared under paragraph (1) of that regulation.

(1)

1954 c. 33 (N.I.)

(2)

S.I. 1986/1032 (N.I.6); the 1986 Order, and in particular Part VIII of that Order dealing with accounts and audit, has been substantially amended by the Companies (Northern Ireland) Order 1990 (S.R. 1990 No. 593 (N.I. 5)) and the Companies (1986 Order) (Insurance Companies Accounts) Regulations (Northern Ireland 1994 (S.R. 1994 No. )

(3)

1969 c. 24 (N.I.)

(4)

1982 c. 50

(5)

O.J. No. L228 16.8.1973, p. 3

(6)

O.J. No. L63 13.3.1979,p. 1