The Financial Services and Markets Act 2000 (Consequential Amendments) Order 2002

Offences under the 1951 Act: application to Guernsey and Jersey

4.—(1) In relation to the Channel Islands(1), section 57 of the Reserve and Auxiliary Forces (Protection of Civil Interests) Act 1951 is amended as follows.

(2) For subsection (5)(2) substitute—

(5) An industrial assurance company, a collecting society or a friendly society which fails to comply with the provisions of this Part or of regulations under this section shall be guilty of an offence and liable on summary conviction to a fine not exceeding level 4 on the standard scale..

(3) Subsections (5A) and (5B) are omitted.

(1)

Part VI of the Reserve and Auxiliary Forces (Protection of Civil Interests) Act 1951 (protection against loss of benefits under contracts with industrial assurance companies and friendly societies) was extended to the Channel Islands by S.I. 1952/165.

(2)

Subsection (5) was substituted, together with subsections (5A) and (5B), by S.I. 2001/3657, article 5, Schedule 3, paragraph 5(3), (4). (That substitution is not affected by this article, and continues to have effect in relation to England and Wales.)