# The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001, Article 42: Pension schemes etc.: meaning of insurance company

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

(1) Amend section 659B (definition of insurance company) as follows.
(2) For subsection (1) substitute—
“(1) in sections 591(2)(g) and 599(7) “insurance company” means one of the following—
(a) a person who has permission under Part 4 of the Financial Services and Markets Act 2000 to effect or carry out contracts of long-term insurance;
(b) an EEA firm of the kind mentioned in paragraph 5(d) of Schedule 3 to that Act which—
(i) 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 long-term insurance; and
(ii) fulfils the requirement under subsection (5), (6) or (7) below.
(1A) In subsection (1) above “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.”.
(3) Omit subsections (3), (4) and (10).

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Source: https://www.legislation.gov.uk/uksi/2001/3629/article/42 (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000-consequential-amendments-taxes-order-2001/article-42
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.