Valid from 01/01/2016
Pension Protection Fund (Entry Rules) Regulations (Northern Ireland) 2005U.K.
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.