PART 9AMENDMENTS TO SECONDARY LEGISLATION
The Local Government Pension Scheme Regulations 1997 (S.I. 1997/1612)
Interpretation of regulations 5 and 6 of, and Schedule 2A to, the 1997 Regulations556.
(1)
(2)
“(a)
“authorised insurer” means—
(i)
a person who has permission under Part 4 of the Financial Services and Markets Act 2000 to effect and carry out contracts of general insurance, or
(ii)
an EEA firm of the kind mentioned in paragraph 5(d) 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 general insurance;”.
(3)
“(f)
“relevant institution” means—
(i)
a person who has permission under Part 4 of the Financial Services and Markets Act 2000 to accept deposits,
(ii)
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(1) of that Schedule) to accept deposits, or
(iii)
a person who does not require permission under that Act to accept deposits, by way of business, in the United Kingdom;”.
(4)
“(18)
In paragraph (17), the definitions of “authorised insurer” and “relevant institution” must be read with—
(a)
section 22 of the Financial Services and Markets Act 2000;
(b)
any relevant order under that section;
(c)
Schedule 2 to that Act.”.