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79(1)The Finance Act 1994 is amended as follows.U.K.
(2)In Schedule 7 (insurance premium tax), in paragraph 28B—
(a)in sub-paragraph (1)—
(i)for “the Financial Services Authority (“the Authority”)” substitute “ a regulator ”, and
(ii)for “assisting the Authority” substitute “ assisting the regulator ”, and
(b)in sub-paragraph (2)—
(i)for “the Authority”, in the first place, substitute “ a regulator ”, and
(ii)for “the Authority”, in the second place, substitute “ the regulator ”.
(c)after that sub-paragraph insert—
“(3)In this paragraph “regulator” means—
(a)the Financial Conduct Authority;
(b)the Prudential Regulation Authority.”
(3)In Schedule 24 (provisions relating to the Railways Act 1993), in paragraph 19(7), in the definition of “securities”, for “section 74(5)” substitute “ section 102A(2) ”.
Commencement Information
I1Sch. 18 para. 79 in force at 1.4.2013 by S.I. 2013/423, art. 3, Sch.