{
  "url": "https://openlegislation.uk/financial-services-and-markets-act-2000-consequential-amendments-and-repeals-order-2001/article-556",
  "json_url": "https://openlegislation.uk/financial-services-and-markets-act-2000-consequential-amendments-and-repeals-order-2001/article-556.json",
  "legislation": "uksi/2001/3649",
  "legislation_title": "The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001",
  "legislation_url": "https://openlegislation.uk/financial-services-and-markets-act-2000-consequential-amendments-and-repeals-order-2001",
  "path": "article/556",
  "kind": "article",
  "number": "556",
  "heading": "Interpretation of regulations 5 and 6 of, and Schedule 2A to, the 1997 Regulations",
  "text": "(1) Regulation 5 of the Local Government Pension Scheme Regulations 1997 (Agreements to enable employees of non-Scheme employers to be members (“admission agreements”)) is amended as follows.\n(2) In paragraph (17) of that regulation, for sub-paragraph (a) substitute—\n“(a) “authorised insurer” means—\n(i) a person who has permission under Part 4 of the Financial Services and Markets Act 2000 to effect and carry out contracts of general insurance, or\n(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 and carry out contracts of general insurance;”.\n(3) In paragraph (17), for sub-paragraph (f) substitute—\n“(f) “relevant institution” means—\n(i) a person who has permission under Part 4 of the Financial Services and Markets Act 2000 to accept deposits,\n(ii) an EEA firm of the kind mentioned in paragraph 5(b) 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(1) of that Schedule) to accept deposits, or\n(iii) a person who does not require permission under that Act to accept deposits, by way of business, in the United Kingdom;”.\n(4) After paragraph (17) insert—\n“(18) In paragraph (17), the definitions of “authorised insurer” and “relevant institution” must be read with—\n(a) section 22 of the Financial Services and Markets Act 2000;\n(b) any relevant order under that section;\n(c) Schedule 2 to that Act.”.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Art. 556 in force at 1.12.2001, see art. 1"
    },
    {
      "type": "footnote",
      "label": "f1",
      "text": "Regulation 5 was substituted by S.I. 1999/3438, regulations 2 and 3."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "Sub-paragraph (a) was amended by S.I. 2000/1005, regulation 1(1)."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2001/3649/article/556",
    "retrieved_at": "2026-10-29T07:23:30.014012+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}