Section 119 of the 1986 Act49 (recognised self-regulating organisations, investment exchanges and clearing houses) shall have effect as if any reference in subsections (1) and (2) to the protection of investors included a reference to compliance with the third long term insurance Directive.

Section 121 of that Act50 (designated agencies) shall have effect as if any reference to the protection of investors included a reference to compliance with the third long term insurance Directive.