Paragraph 10 I1
United Kingdom
In section 52C of the Pensions Act (extinguishment of scheme’s liability for pensions appropriately secured by insurance policies or annuity contracts) in subsection (4) (meaning of “appropriately secured”) for paragraph (a) there shall be substituted—
“(a)the insurance company with which it is or was taken out or entered into—
(i)is, or was at the relevant time, carrying on ordinary long-term insurance business in the United Kingdom or any other member State; and
(ii)satisfies, or satisfied at the relevant time, prescribed requirements; and”.
Annotations
Commencement
- I1
Sch 4 para. 10 wholly in force see s. 23(2)(3); in force for certain purposes at 13.5.1991 and in so far as it is not already in force, at 4.11.1991 by S.I. 1991/558, art. 2(e)(f)
Notes on Schedule 4
Textual amendments
- F1
Sch. 4 repealed (7.2.1994) by 1993 c. 48, s. 188, Sch. 5 Pt.I (subject to the transitory modifications as regards Sch. 4 para. 7(1)-(3) contained in Sch. 9 para. 1 of that Act); S.I. 1994/86, art. 2