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The Insurance Distribution (Regulated Activities and Miscellaneous Amendments) Order 2018

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Dyma’r fersiwn wreiddiol (fel y’i gwnaed yn wreiddiol).

PART 5Amendments to other Acts

Amendments to the Terrorism Act 2000

25.  In Schedule 3A (regulated sector and supervisory authorities) of the Terrorism Act 2000(1)—

(a)in paragraph 1(1)(f) (business in the regulated sector), for “Article 2(5) of the Insurance Mediation Directive, other than a tied insurance intermediary as mentioned in Article 2(7) of that Directive” substitute “Article 2.1(3), and an ancillary insurance intermediary as defined in Article 2.1(4), of the Insurance Distribution Directive”; and

(b)in paragraph 3(1) (interpretation)—

(i)omit the definition of “the Insurance Mediation Directive”; and

(ii)after the definition of “the Emission Allowance Auctioning Regulation”(2) insert—

““the Insurance Distribution Directive” means Directive (EU) 2016/97 of the European Parliament and of the Council of 20 January 2016 on insurance distribution (recast) as amended by Directive (EU) 2018/411 of the European Parliament and of the Council of 14 March 2018;”.

Amendments to the Proceeds of Crime Act 2002

26.  In Schedule 9 (regulated sector and supervisory authorities) of the Proceeds of Crime Act 2002(3)—

(a)in paragraph 1(1)(f) (business in the regulated sector) for “Article 2(5) of the Insurance Mediation Directive, other than a tied insurance intermediary as mentioned in Article 2(7) of that Directive” substitute “Article 2.1(3), and an ancillary insurance intermediary as defined in Article 2.1(4), of the Insurance Distribution Directive”; and

(b)in paragraph 3(1) (interpretation)—

(i)omit the definition of “the Insurance Mediation Directive”; and

(ii)after the definition of “the Emission Allowance Auctioning Regulation”(4) insert—

““the Insurance Distribution Directive” means Directive (EU) 2016/97 of the European Parliament and of the Council of 20 January 2016 on insurance distribution (recast) as amended by Directive (EU) 2018/411 of the European Parliament and of the Council of 14 March 2018;”.

(1)

2000 c.11. Schedule 3A was inserted by paragraph 5 of Schedule 2 to the Anti-terrorism, Crime and Security Act 2001 (c. 24) and substituted by S.I. 2007/3288.

(2)

The definition of “Emission Allowance Auctioning Regulation” was inserted by S.I. 2011/2701.

(3)

2002 c.29. Schedule 9 was substituted by S.I. 2007/3288.

(4)

The definition of “Emission Allowance Auctioning Regulation” was inserted by S.I. 2011/2701.

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