SCHEDULE 2Amendments to secondary legislation
Financial Services and Markets Act 2000 (Regulated Activities) Order 200111
1
The Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 M1 is amended as follows.
2
In article 3(1) (interpretation), in the definition of “contract of insurance”—
a
in paragraph (e) for “article 1(2)(e) of the first life insurance directive (collective insurance etc.)” substitute “
Article 2(3)(b)(v) of the Solvency 2 Directive
”
;
b
in paragraph (f) for “article 1(3) of the first life insurance directive (social insurance)” substitute “
Article 2(3)(c) of the Solvency 2 Directive
”
.
3
In article 11(2) (community co-insurers) for “the Council Directive of 30 May 1978 on the co-ordination of laws, regulations and administrative provisions relating to Community co-insurance (No 78/473/EEC)” substitute “
Article 190 of the Solvency 2 Directive
”
.
4
In paragraph (2) of article 72A (information society services)—
a
omit sub-paragraphs (a) and (b);
b
insert at the end of paragraph (2) “
the insurance falls within the scope of the Solvency 2 Directive.
”
.
5
In Schedule 1 (contracts of insurance)—
a
in paragraph VIII (collective insurance etc) for “article 1(2)(e) of the first life insurance directive” substitute “
Article 2(3)(b)(v) of the Solvency 2 Directive
”
;
b
in paragraph IX (social insurance) for “article 1(3) of the first life insurance directive” substitute “
Article 2(3)(c) of the Solvency 2 Directive
”
.