Article 18 Meaning of “qualifying lender”

Section 13A^f1 of the Social Security Administration (Northern Ireland) Act 1992 is amended as follows.

In subsection (3)—

In subsection (4), before the definition of “mortgage interest” insert—

• ““deposit taker” means—

  1. (a)

     a person who has permission under Part 4 of the Financial Services and Markets Act 2000 to accept deposits, or

  2. (b)

     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 of that Schedule) to accept deposits;

• “insurer” means—

  1. (a)

     a person who has permission under Part 4 of the Financial Services and Markets Act 2000 to effect or carry out contracts of insurance, or

  2. (b)

     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 or carry out contracts of insurance;”.

After subsection (4) insert—

“(4A)

The definitions of “deposit taker” and “insurer” in subsection (4) 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.”.