{
  "url": "https://openlegislation.uk/financial-services-and-markets-act-2000-consequential-amendments-and-savings-industrial-assurance-order-2001/article-2",
  "json_url": "https://openlegislation.uk/financial-services-and-markets-act-2000-consequential-amendments-and-savings-industrial-assurance-order-2001/article-2.json",
  "legislation": "uksi/2001/3647",
  "legislation_title": "The Financial Services and Markets Act 2000 (Consequential Amendments and Savings) (Industrial Assurance) Order 2001",
  "legislation_url": "https://openlegislation.uk/financial-services-and-markets-act-2000-consequential-amendments-and-savings-industrial-assurance-order-2001",
  "path": "article/2",
  "kind": "article",
  "number": "2",
  "heading": "Interpretation",
  "text": "In this Order—\n“the Act” means the Financial Services and Markets Act 2000;\n“the 1923 Act” means the Industrial Assurance Act 1923;\n“the 1948 Act” means the Industrial Assurance and Friendly Societies Act 1948;\n“commencement” means the beginning of 1st December 2001;\n“existing policy” means—\n(a) a policy effected before commencement in the course of industrial assurance business under which there is an existing liability already accrued or a liability may accrue, or\n(b) a policy effected after commencement pursuant to a proposal form completed before commencement for a policy of assurance to which the Industrial Assurance Acts or the Northern Ireland Order would, but for their repeal, have applied;\n“the Industrial Assurance Acts” means the 1923 Act and the 1948 Act;\n“industrial assurance business” means business which, immediately before commencement, fell within section 1(2) of the 1923 Act and which consists, after commencement, of carrying out existing policies;\n“the Northern Ireland Order” means the Industrial Assurance (Northern Ireland) Order 1979; and\n“policyholder” has the meaning given in article 3 of the Financial Services and Markets Act 2000 (Meaning of “Policy” and “Policyholder”) Order 2001.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "1923 c. 8."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "1948 c. 39."
    },
    {
      "type": "footnote",
      "label": "f3",
      "text": "S.I. 1979/1574 (N.I. 13)."
    },
    {
      "type": "footnote",
      "label": "f4",
      "text": "S.I. 2001/2361."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2001/3647/article/2",
    "retrieved_at": "2026-10-29T07:23:33.702053+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."
}