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14. In regulation 2 of the Occupational Pension Schemes (Discharge of Liability) Regulations (Northern Ireland) 1997(1) (requirements applying to policies of insurance and annuity contracts) –
(a)in paragraph (1) for the words from “with an insurance company” to the end there shall be substituted –
“with –
(a)a person who has permission under Part IV of the Financial Services and Markets Act 2000 to effect or carry out contracts of long-term insurance; or
(b)an EEA firm of the kind mentioned in paragraph 5(d) of Schedule 3 to that Act (EEA passport rights) which has permission under paragraph 15 of that Schedule (as a result of qualifying for authorisation under paragraph 12 of that Schedule) to effect or carry out contracts of long-term insurance.”;
(b)for paragraph (2) there shall be substituted the following paragraph –
“(2) Paragraph (1)(a) and (b) shall be read with –
(a)section 22 of the Financial Services and Markets Act 2000 (regulated activities);
(b)any relevant order under that section; and
(c)Schedule 2 to that Act.”.
S.R. 1997 No. 159, to which there are amendments not relevant to these regulations
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