SCHEDULE 1Amendments to primary legislation
PART 1Amendments to FSMA
16
In section 425(1)(a) (expressions relating to authorisation elsewhere in the single market)—
a
omit “ “life assurance consolidation directive””, “ “first non-life insurance directive””, “insurance directives” and “reinsurance directive”, and
b
after “ “single market directives”” insert “
“, Solvency 2 Directive”
”
.