Article 19 Discharge of protected rights on winding up: insurance policies

(1)

The amendments made to section 28A of the Pension Schemes (Northern Ireland) Act 1993 (discharge of protected rights on winding up: insurance policies)^f1 by article 131 of the Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001^f2 are treated as if they had not been made, and instead section 28A is amended as follows.

(2)

In subsection (2)(a)—

(a)

for “insurance company” substitute “insurer”; and

(b)

in sub-paragraph (i), the word “ordinary” and the words “(within the meaning of the Insurance Companies Act 1982)” are repealed.

Annotations

Footnotes

f1: Section 28A was inserted by the Pensions (Northern Ireland) Order 1995, S.I. 1995/3213 (N.I. 22), Article 143.
f2: S.I. 2001/3649.