The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001

The Transport Act 2000 (Civil Aviation Authority Pension Scheme) Order 2001 (S.I. 2001/853)

Interpretation of the Trust Deed—meaning of “authorised insurance company”

610.  In Appendix 1 to the Transport Act 2000 (Civil Aviation Authority Pension Scheme) Order 2001 (Definitions)(1), for the definition of “Authorised Insurance Company” substitute—

“Authorised Insurance Company means:

(1) a person with permission under Part 4 of the Financial Services and Markets Act 2000 to effect or carry out contracts of long-term insurance;

(2) an EEA firm of the kind mentioned in paragraph 5(d) of Schedule 3 to that Act, which has permission under paragraph 15 of that Schedule (as a result of qualifying for authorisation under paragraph 12 of that Schedule) to effect or carry out contracts of long-term insurance; or

(3) any other insurer acceptable for the purposes of section 19 of the Pension Schemes Act 1993:

• and for the purposes of this definition “contract of long-term insurance” must be read with—

  (a)

  section 22 of the Financial Services and Markets Act 2000;

  (b)

  any relevant order made under that section; and

  (c)

  Schedule 2 to that Act.”.

(1)

The Trustees to the Pension Scheme were consulted on , and have consented to, this consequential amendment to the Scheme.