The Transfer of Functions (Insurance) Order 1997 No. 2781

SCHEDULE MODIFICATION OF ENACTMENTS

PART I Insurance Companies Act 1982 (c. 50)

40.  In section 60—

(a) for “Secretary of State”, in each place it occurs, there shall be substituted “Treasury”;

(b) in subsection (1)(b) for “has”, in the first place it occurs, there shall be substituted “have”;

(c) in subsection (3) for “him”, in each place it occurs, there shall be substituted “the Treasury”;

(d) in subsection (3A)—

(i) in paragraph (a) for “is” there shall be substituted “are”, and

(ii) in paragraph (b) for “the Department of Trade and Industry” there shall be substituted “the Treasury”; and

(e) in subsection (4) for “he is” there shall be substituted “they are”.