2.—(1) The Rehabilitation of Offenders Act 1974 (Exceptions) Order 1975(1) is amended as follows.
(2) In article 2(1), at the appropriate places insert the following definitions—
““authorised payment institution” has the meaning given by regulation 2(1) of the
Payment Services Regulations 2009(2);”;
““payment services” has the meaning given by regulation 2(1) of the Payment Services Regulations 2009;”; and
““small payment institution” has the meaning given by regulation 2(1) of the Payment Services Regulations 2009;”.
(3) In article 3(g), in the table, at the end add(3)—
| “19 | A director or a person responsible for the management of an authorised payment institution or a small payment institution. | The Financial Services Authority. |
| 20 | A person responsible for the management of payment services provided, or to be provided, by an authorised payment institution or a small payment institution. | The Financial Services Authority. |
| 21 | A controller of an authorised payment institution or a small payment institution. | The Financial Services Authority.” |
(4) In article 4(d)(4)—
(a)at the end of subparagraph (xiii) omit “or”;
(b)after subparagraph (xiv) insert—
“(xv)to refuse an application for registration as an authorised payment institution or a small payment institution under the Payment Services Regulations 2009, or
(xvi)to vary or cancel such registration (or to refuse to vary or cancel such registration) or to impose a requirement under regulation 7 of those Regulations,”.
(5) In Part 3 of Schedule 1 (regulated occupations)(5), at the end add—
“12. A head of finance and administration of a licensed body.
13. A head of legal practice of a licensed body.”.
(6) In Part 4 of Schedule 1 (interpretation)—
(a)in the definition of “actuary”(6), for “the Institute of Actuaries or a member or student of the Faculty of Actuaries” substitute “the Institute and Faculty of Actuaries”;
(b)at the appropriate place insert the following definitions—
““head of finance and administration of a licensed body” means an individual who is designated as head of finance and administration and whose designation is approved in accordance with licensing rules made under section 83 of, and paragraphs 13 and 14 of Schedule 11 to, the Legal Services Act 2007(7);
“head of legal practice of a licensed body” means an individual who is designated as head of legal practice and whose designation is approved in accordance with licensing rules made under section 83 of, and paragraphs 11 and 12 of Schedule 11 to, the Legal Services Act 2007;”.
A relevant amending instrument is S.I. 2011/99.
A relevant amending instrument is S.I. 2011/99.
A relevant amending instrument is S.I. 2009/1818.
S.I. 2002/441 inserted the definition of “actuary”.