Article 253 Appropriate annuity contracts etc.I1

Regulation 145^f1 of the Local Government Pension Scheme (Scotland) Regulations 1998 (qualifying arrangements) is amended as follows.

In paragraph (2), for sub-paragraph (a) substitute—

“(a)

effects or carries out contracts of long-term insurance in the United Kingdom or any other member State; and”.

For paragraph (3) substitute—

“(3)

Paragraph (2)(a) must be read with—

(a)

section 22 of the Financial Services and Markets Act 2000;

(b)

any relevant order made under that section; and

(c)

Schedule 2 to that Act.”.