# The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001, Article 326: Judicial pensions: transfer of accrued benefits

Extent: E+W+S+N.I.

(1) Schedule 13 to the Courts and Legal Services Act 1990 (transfer of accrued benefits) is amended as follows.
(2) In paragraph 1 of Schedule 1A (to be inserted in the Judicial Pensions Act 1981), the existing provision becomes sub-paragraph (1).
(3) In that sub-paragraph, for the definition of “authorised insurance company” substitute—
““authorised insurer” means—
(i) a person who has permission under Part 4 of the Financial Services and Markets Act 2000 to effect or carry out contracts of long-term insurance, or
(ii) an EEA firm of the kind mentioned in paragraph 5(d) of Schedule 3 to that Act, which has permission under paragraph 15 of that Schedule (as a result of qualifying for authorisation under paragraph 12 of that Schedule) to effect or carry out contracts of long-term insurance;”.
(4) After that sub-paragraph, insert—
“(2) The definition of “authorised insurer” in sub-paragraph (1) must be read with—
(a) section 22 of the Financial Services and Markets Act 2000;
(b) any relevant order under that section;
(c) Schedule 2 to that Act.”.
(5) In paragraph 6(2)(c), for “insurance companies” substitute “insurers”.
(6) In paragraph 11(3), in paragraph (a) of the definition of “qualifying scheme” for “insurance company” substitute “insurer”.

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Source: https://www.legislation.gov.uk/uksi/2001/3649/article/326 (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000-consequential-amendments-and-repeals-order-2001/article-326
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.