Paragraph 1

in paragraph (3) (defined expressions) the following definitions are inserted in the appropriate places—

• ““approved additional voluntary contributions provider” means The Equitable Life Assurance Society or The Standard Life Assurance Company”;

• ““insurance company” means—

  1. (a)

     a person who has permission under Part 4 of the Financial Services and Markets Act 2000^f1 to effect or carry out contracts of long-term insurance, or

  2. (b)

     an EEA firm, as defined in paragraph 5 of Schedule 3 to that Act, which falls within sub-paragraph (d) of that paragraph and has permission under paragraph 15 of that Schedule to effect or carry out contracts of long-term insurances as a result of satisfying the establishment conditions, as defined in paragraph 13 of that Schedule”;

the definition of “the Society” in that paragraph is omitted; and

after that paragraph there is inserted—

“(4)

The definition of “insurance company” in paragraph (3) 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”.