Paragraph 79 I1

(1)

The Finance Act 1994 is amended as follows.

(2)

In Schedule 7 (insurance premium tax), in paragraph 28B—

(a)

in sub-paragraph (1)—

(i)

for “the Financial Services Authority (“the Authority”)” substitute “ a regulator ”, and

(ii)

for “assisting the Authority” substitute “ assisting the regulator ”, and

(b)

in sub-paragraph (2)—

(i)

for “the Authority”, in the first place, substitute “ a regulator ”, and

(ii)

for “the Authority”, in the second place, substitute “ the regulator ”.

(c)

after that sub-paragraph insert—

“(3)
In this paragraph “regulator” means—
(a)
the Financial Conduct Authority;
(b)
the Prudential Regulation Authority.”

(3)

In Schedule 24 (provisions relating to the Railways Act 1993), in paragraph 19(7), in the definition of “securities”, for “section 74(5)” substitute “ section 102A(2) ”.

Annotations

Commencement

I1: Sch. 18 para. 79 in force at 1.4.2013 by S.I. 2013/423, art. 3, Sch.