Article 376 Interpretation of the 1983 Regulations: “contract of insurance” and “deposit”I1

In paragraph (2) of Regulation 1 of the Consumer Credit (Linked Transactions) (Exemptions) Regulations 1983 (citation, commencement and interpretation) the definitions of “contract of insurance” and “deposit” are revoked.

After that paragraph insert—

“(2A)

References in these Regulations to contracts of insurance and to deposits 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.”.