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The Policyholders Protection Act 1997 (Commencement No. 2) Order 2000

S.I. 2000/3111 · Made 22 November 2000

Original text. legislation.gov.uk does not revise statutory instruments, so later amendments are not shown here. Changes made to it are listed under each provision when known.

INSURANCE

Made 22nd November 2000

The Treasury, in exercise of the powers conferred by section 23(3) of the Policyholders Protection Act 1997f1 and now vested in themf2, hereby make the following Order—

Annotations to the whole text

Footnotes

f1

1997 c. 18.

f2

A reference to the “Treasury” was substituted for the reference to the “Secretary of State” in section 23(3) of the Policyholders Protection Act 1997 by article 8 of, and paragraphs 126 and 127 of the Schedule to, the Transfer of Functions (Insurance) Order 1997 (S.I. 1997/2781).

Contents

  1. 1Article 1
  2. 2Article 2
  3. Signature
  4. Explanatory note

1

This Order may be cited as the Policyholders Protection Act 1997 (Commencement No. 2) Order 2000.

2

The following sections of the Policyholders Protection Act 1997 shall come into force on 23rd November 2000:—

(a)

section 4 (deferment of payment); and

(b)

section 5 (operation of the “cost test”).

Signature

Greg Pope

Jim Dowd

Two of the Lords Commissioners of Her Majesty’s Treasury

22nd November 2000

Explanatory note

(This note is not part of the Order)

This Order brings into force on 23rd November 2000 sections 4 and 5 of the Policyholders Protection Act 1997 which amend section 16 of the Policyholders Protection Act 1975 by inserting references to deferring payments of liabilities, and by inserting provisions relating to the operation of the cost test to be performed by the Policyholders Protection Board.