PART 3ENACTMENTS RELATING TO PENSIONS

Pensions (Northern Ireland) Order 1995 (S.I. 1995/3213 (N.I. 22))

Restriction on employer-related investments152

1

Article 40 of the Pensions (Northern Ireland) Order 1995 (employer-related investments) is amended as follows.

2

In paragraph (2) the definition of “securities” is repealed.

3

After that paragraph, insert—

2A

In paragraph (2)(a) “securities” does not include government or other public securities.

2B

Sub-paragraph (a) of paragraph (2) and paragraph (2A) must be read with—

a

section 22 of the Financial Services and Markets Act 2000;

b

any relevant order under that section; and

c

Schedule 2 to that Act.