Article 150 Certain business carried on outside the United KingdomI1

Amend regulation 8 (certain business carried on outside the United Kingdom)^f1 as follows.

In paragraph (1)(a) omit “(within the meaning of the 1982 Act)”.

After paragraph (5) add—

“(6)

In paragraph (1)(a) “insurance business” means business which consists of the effecting or carrying out of contracts of insurance and, for the purposes of this definition, “contract of insurance” has the meaning given by Article 3(1) of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001.”.