The Insurance Brokers Registration Council (Indemnity Insurance and Grants Scheme) (Amendment) Rules Approval Order 1992

PART I— PRELIMINARY

1.  These Rules may be cited as the Insurance Brokers Registration Council (Indemnity Insurance and Grants Scheme) (Amendment) Rules 1992.

2.  In these Rules, unless the context otherwise requires, “the Rules” means the Insurance Brokers Registration Council (Indemnity Insurance and Grants Scheme) Rules 1987(1) as amended by the Insurance Brokers Registration Council (Indemnity and Grants Scheme) (Amendment) Rules 1990(2).

3.  The Rules shall be amended by insertion of the following new rule 2(3):—

“2.— (3) for the purposes of rules 10 and 12 of these Rules “appointed representative” shall have the meaning assigned to it by section 44 of the Financial Services Act 1986 but shall not include any person who is a practising insurance broker or an enrolled body corporate or any partnership in which one or more of the partners is a practising insurance broker or an enrolled body corporate.”

(1)

Approved by S.I. 1987/1496.

(2)

Approved by S.I. 1990/2461.