Regulation 11 Qualifying arrangements

England, Wales and Scotland

(1)

The requirements referred to in paragraph 6(2)(b) of Schedule 5 to the 1999 Act (requirements applying to annuity contracts or policies of insurance for the purpose of sub-paragraph (1) of that paragraph) are that the annuity contract is entered into or the insurance policy is taken out with an insurance company which is—

F1(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; F2...

(b)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F3(2)

Paragraph (1)(a) F4... must be read with—

(a)

section 22 of the Financial Services and Markets Act 2000;

(b)

any relevant order under that section; and

(c)

Schedule 2 to that Act.

Annotations

Textual amendments

F1: Reg. 11(1)(a)(b) substituted (1.12.2001) for reg. 11(1)(a)-(c) by The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001 (S.I. 2001/3649), arts. 1, 591(1)
F2: Reg. 11(1)(b) and word omitted (31.12.2020) by virtue of The Occupational and Personal Pension Schemes (Amendment etc.) (EU Exit) Regulations 2019 (S.I. 2019/192), regs. 1, 13(2)(a); 2020 c. 1, Sch. 5 para. 1(1)
F3: Reg. 11(2) substituted (1.12.2001) by The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001 (S.I. 2001/3649), arts. 1, 591(2)
F4: Words in reg. 11(2) omitted (31.12.2020) by virtue of The Occupational and Personal Pension Schemes (Amendment etc.) (EU Exit) Regulations 2019 (S.I. 2019/192), regs. 1, 13(2)(b); 2020 c. 1, Sch. 5 para. 1(1)