Article 152 Restriction on employer-related investmentsI1

Article 40 of the Pensions (Northern Ireland) Order 1995 (employer-related investments) is amended as follows.

In paragraph (2) the definition of “securities” is repealed.

After that paragraph, insert—

“(2A)

In paragraph (2)(a) “securities” does not include government or other public securities.

(2B)

Sub-paragraph (a) of paragraph (2) and paragraph (2A) must be read with—

(a)

section 22 of the Financial Services and Markets Act 2000;

(b)

any relevant order under that section; and

(c)

Schedule 2 to that Act.”.