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(b)paragraph (b) is repealed; and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 person who has permission under Part 4 of the Financial Services and Markets Act 2000 to accept deposits, or
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 person who has permission under Part 4 of the Financial Services and Markets Act 2000 to effect and carry out contracts of insurance, or
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.”.