PART 3Amendment of secondary legislation

Amendment of the Occupational Pension Schemes (Investment) Regulations (Northern Ireland) 200525

1

The Occupational Pension Schemes (Investment) Regulations (Northern Ireland) 200541 are amended as follows.

2

In regulation 1(2)—

a

in the definition of “qualifying insurance policy”, omit paragraph (b) and the “or” before it;

b

omit the definition of “scheme undertaking cross-border activities”.

3

In regulation 4(11)—

a

in the definition of “derivative instrument”, for the words from “of Section C” to “financial instruments” substitute “of Part 1 of Schedule 2 to the Financial Services and Markets Act 2000 (Regulated Activities) Order 200142”;

b

in the definition of “regulated market”—

i

omit paragraph (a);

ii

for paragraph (b) substitute the following—

b

a UK regulated market or an EU regulated market within the meaning of Article 2.1.13A and 2.1.13B respectively of Regulation (EU) No 600/2014 of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments, or

4

In regulation 15A, omit paragraph (2)(b) but not the “or” following it.

5

Omit regulation 17.