Interpretation U.K.

2.  In this Order—

“the Act” means the Financial Services and Markets Act 2000;

“authorised building society” means any UK authorised person M1 which is a building society within the meaning of section 119 of the Building Societies Act 1986 (interpretation)M2 ;

[F1 “managing agent” has the meaning given in article 3 of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001;]

“relevant friendly society” means any UK authorised person which is a friendly society to which neither subsection (2) nor subsection (3) of section 37 of the Friendly Societies Act 1992 (restriction on combinations of business)M3 applies; and

“relevant UK authorised person” means a UK authorised person other than—

(a)

a credit institution authorised under the [F2 capital requirements directive];

(b)

an investment firm authorised under the markets in financial instruments directive M4 ;

(c)

a management company as defined in [F3 Article 2.1(b)] of the UCITS directive, authorised under that directiveM5 ;

(d)

[F4 an insurance undertaking which includes for the purposes of this Order a managing agent; or]

(e)

[F4 a reinsurance undertaking.]

Textual Amendments

F1 Words in art. 2 inserted (1.1.2016) by The Solvency 2 Regulations 2015 (S.I. 2015/575), reg. 1(2), Sch. 2 para. 30(b)

F2 Words in art. 2 substituted (1.1.2014) by The Capital Requirements Regulations 2013 (S.I. 2013/3115), reg. 1(2), Sch. 2 para. 72

F3 Words in art. 2 substituted (1.7.2011) by The Undertakings for Collective Investment in Transferable Securities Regulations 2011 (S.I. 2011/1613), reg. 1, Sch. para. 8(2)

F4 Words in art. 2 substituted (1.1.2016) by The Solvency 2 Regulations 2015 (S.I. 2015/575), reg. 1(2), Sch. 2 para. 30(a)

Marginal Citations

M1 “UK authorised person” is defined in section 191G of the Act (as inserted by S.I. 2009/534, see Regulation 3 and Schedule 1).

M2 1986 c.53. There are amendments to section 119 which are not relevant to this Order.

M3 1992 c.40. There are amendments to section 37 which are not relevant to this Order.

M4 “Investment firm” is defined in section 424A of the Act (as inserted by S.I. 2006/2975 and amended by S.I. 2007/126) and “markets in financial instruments directive” is defined in section 425(1) of and Schedule 3 to the Act (as amended by S.I. 2003/2066 and S.I. 2006/2975).

M5 “UCITS directive” is defined in section 425(1) of and Schedule 3 to the Act (as amended by S.I. 2003/2066).