PART 8MISCELLANEOUS AMENDMENTS TO PRIMARY LEGISLATION
The Social Security Administration Act 1992 (c. 5)
Meaning of “qualifying lender”330
1
Section 15A of the Social Security Administration Act 1992 is amended as follows.
2
In subsection (3)—
a
for paragraph (a) substitute—
a
a deposit taker;
b
paragraph (b) is repealed; and
c
for paragraph (c) substitute—
c
an insurer;
3
In subsection (4), before the definition of “mortgage interest” insert—
“deposit taker” means—
- a
a person who has permission under Part 4 of the Financial Services and Markets Act 2000 to accept deposits, or
- b
an EEA firm of the kind mentioned in paragraph 5(b) of Schedule 3 to that Act which has permission under paragraph 15 of that Schedule (as a result of qualifying for authorisation under paragraph 12 of that Schedule) to accept deposits;
“insurer” means—
- a
a person who has permission under Part 4 of the Financial Services and Markets Act 2000 to effect and carry out contracts of insurance, or
- b
an EEA firm of the kind mentioned in paragraph 5(b) of Schedule 3 to that Act which has permission under paragraph 15 of that Schedule (as a result of qualifying for authorisation under paragraph 12 of that Schedule) to effect and carry out contracts of insurance;
4
After subsection (4) insert—
4A
The definitions of “deposit taker” and “insurer” in subsection (4) must be read with—
a
section 22 of the Financial Services and Markets Act 2000;
b
any relevant order under that section; and
c
Schedule 2 to that Act.