The Pensions Act 1995 (c. 26)
Restriction on employer-related investments5
1
Section 40 of the Pensions Act 1995 (restrictions on employer-related investments) has effect without the amendments made by article 141(3) of the 2001 Order, and instead section 40 is amended in accordance with paragraph (2).
2
After subsection (2) insert—
2A
In the definition of “employer-related investments” in subsection (2) “securities” means—
a
shares,
b
instruments creating or acknowledging indebtedness,
c
instruments giving entitlements to investments,
d
certificates representing securities.
2B
Subsection (2A) must be read with—
a
section 22 of the Financial Services and Markets Act 2000,
b
any relevant order made under that section, and
c
Schedule 2 to that Act.