SCHEDULES
F1SCHEDULE 4
Annotations:
Amendments (Textual)
Part II Miscellaneous Amendments
The insurance companies which may take transfer values
I110
In section 52C of the Pensions Act (extinguishment of scheme’s liability for pensions appropriately secured by insurance policies or annuity contracts) in subsection (4) (meaning of “appropriately secured”) for paragraph (a) there shall be substituted—
a
the insurance company with which it is or was taken out or entered into—
i
is, or was at the relevant time, carrying on ordinary long-term insurance business in the United Kingdom or any other member State; and
ii
satisfies, or satisfied at the relevant time, prescribed requirements; and
Sch. 4 repealed (7.2.1994) by 1993 c. 48, s. 188, Sch. 5 Pt.I (subject to the transitory modifications as regards Sch. 4 para. 7(1)-(3) contained in Sch. 9 para. 1 of that Act); S.I. 1994/86, art. 2