# The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001, Article 520: Interpretation of the 1995 Regulations

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

In paragraph (1) of regulation 2 of the Lloyd’s Underwriters (Gilt-edged Securities) (Periodic Accounting for Tax on Interest) Regulations 1995 (Interpretation), for the definition of “premiums trust fund” substitute—
““premiums trust fund” means any trust fund to which an underwriter is required, by rules made by the Financial Services Authority under Part X of the Financial Services and Markets Act 2000, to carry premiums received by him or on his behalf in respect of the carrying on of any insurance market activity, within the meaning of section 316(3) of that Act;”.

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Source: https://www.legislation.gov.uk/uksi/2001/3649/article/520 (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000-consequential-amendments-and-repeals-order-2001/article-520
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.