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Valid from 01/01/2016
20.—(1) The Pension Protection Fund (Entry Rules) Regulations (Northern Ireland) 2005 M1 are amended as follows.
(2) In regulation 1(2) (interpretation)—
(a)omit the following definitions—
(i)“the first non-life insurance directive”;
(ii)“the life insurance directive”;
(iii)“the third non-life insurance directive”;
(b)insert at the appropriate place—
““the Solvency 2 Directive” means Directive 2009/138/EC of the European Parliament and of the Council of 25 November 2009 on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II);”;
(c)in the definition of “EEA insurer” for the words from “(within the meaning of Article 2 of the life insurance directive” to the end of the definition substitute “ (as referred to in Article 2 of the Solvency 2 Directive) which has received authorisation under Article 14 of the Solvency 2 Directive from its home state regulator; ”;
(d)in the definition of “EEA regulator” for the words from “means a competent authority” to the end of the definition substitute “ means a supervisory authority (within the meaning of Article 13(10) of the Solvency 2 directive) of an EEA State; ”.
Marginal Citations
M1S.R. (NI) 2005 No 126, amended by S.R. (NI) 2009 No 126; there are other amending instruments but none is relevant.