Regulation 9 Amendment of the Investment Regulations

(1)

The Investment Regulations are amended in accordance with this regulation.

(2)

In regulation 1(2) (interpretation)—

(a)

in the definition of “insurance policy”, for “2(c) and (d)”, substitute “2(2)(c) and (d)”; and

(b)

in the definition of “specified qualifying insurance policy”, for “paragraph III” substitute “paragraph I or III”.

(3)

In regulation 13 (investments to which restrictions do not apply)—

(a)

in paragraph (6)—

(i)

in sub-paragraph (b), omit “or”; and

(ii)

in sub-paragraph (c), for “,” substitute—

“;

(d)

section 59(2) of the 1995 Act^f1 (determination of contributions: supplementary); or

(e)

section 60(5) of the 1995 Act (serious underprovision),”;

(b)

in paragraph (7)(a), for “(authorised persons)) of the FSM Act” substitute “(authorised persons) of the FSM Act)”; and

(c)

in paragraph (7)(b), after “10 participants in” for “a collective investment scheme” substitute “the collective investment scheme”.

Annotations

Footnotes

f1: Sections 59 and 60 of the Pensions Act 1995 were revoked by Part 1 of Schedule 13 to the Pensions Act 2004, with transitional savings in paragraph 9 of Schedule 4 to S.I. 2005/3377.