# The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001, Article 18: Relief on life assurance premiums

Extent: E+W+S+N.I.

(1) Amend section 266 (relief on life assurance premiums) as follows.
(2) In subsection (2)(a) for sub-paragraphs (i) to (iii) substitute—
“(i) a person who has permission under Part 4 of the Financial Services and Markets Act 2000 or under paragraph 15 of Schedule 3 to that Act (as a result of qualifying for authorisation under paragraph 12(1) of that Schedule) to effect or carry out contracts of long-term insurance; or
(ii) a member of the Society who effects or carries out contracts of long-term insurance in accordance with Part 19 of the Financial Services and Markets Act 2000;”.
(3) After subsection (13) add—
“(14) In subsection (2)(a)—
“contracts of long-term insurance” means contracts which fall within Part II of Schedule 1 to the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001; and
“member of the society” has the same meaning as in Lloyd’s Act 1982.”.

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Source: https://www.legislation.gov.uk/uksi/2001/3629/article/18 (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000-consequential-amendments-taxes-order-2001/article-18
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.