Article 500 Interpretation of the 1995 Order: meaning of “insurer”I1

the existing text of that article is numbered paragraph (1);

in paragraph (1), for the definition of “insurer” substitute—

• ““insurer” means a person who may, in the United Kingdom, lawfully effect and carry out contracts of insurance against risks arising from loss of or damage to goods without contravening the prohibition imposed by section 19 of the Financial Services and Markets Act 2000;”;

after paragraph (1) insert—

“(2)

The definition of “insurer” in paragraph (1) 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.”.