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56.—(1) Article 37 of the Credit Unions (Northern Ireland) Order 1985 (insurance against fraud or other dishonesty) is amended as follows.
(2) In paragraph (2), for sub-paragraph (d) substitute—
“(d)must be issued by—
(i)a person who has permission under Part 4 of the Financial Services and Markets Act 2000 to effect and carry out contracts of insurance of a relevant class, or
(ii)an EEA firm of the kind mentioned in paragraph 5(d) of Schedule 3 to that Act, which has permission under paragraph 15 of that Schedule (as a result of qualifying for authorisation under paragraph 12 of that Schedule) to effect and carry out contracts of insurance of a relevant class.”.
(3) After paragraph (2) insert—
“(2A) Sub-paragraph (d) of paragraph (2) must be read with—
(a)section 22 of the Financial Services and Markets Act 2000;
(b)any relevant order made under that section; and
(c)Schedule 2 to that Act.”.
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