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26. In Schedule 9 (regulated sector and supervisory authorities) of the Proceeds of Crime Act 2002(1)—
(a)in paragraph 1(1)(f) (business in the regulated sector) for “Article 2(5) of the Insurance Mediation Directive, other than a tied insurance intermediary as mentioned in Article 2(7) of that Directive” substitute “Article 2.1(3), and an ancillary insurance intermediary as defined in Article 2.1(4), of the Insurance Distribution Directive”; and
(b)in paragraph 3(1) (interpretation)—
(i)omit the definition of “the Insurance Mediation Directive”; and
(ii)after the definition of “the Emission Allowance Auctioning Regulation”(2) insert—
““the Insurance Distribution Directive” means Directive (EU) 2016/97 of the European Parliament and of the Council of 20 January 2016 on insurance distribution (recast) as amended by Directive (EU) 2018/411 of the European Parliament and of the Council of 14 March 2018;”.
2002 c.29. Schedule 9 was substituted by S.I. 2007/3288.
The definition of “Emission Allowance Auctioning Regulation” was inserted by S.I. 2011/2701.
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