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SCHEDULE 3Amendments of secondary legislation to remove securities and deposits as alternatives to motor insurance

PART 2Amendments of the Motor Vehicles (Third Party Risks Regulations) 1972

2.  The Motor Vehicles (Third Party Risks) Regulations 1972 are amended as follows.

3.—(1) Regulation 4 is amended as follows.

(2) In the definition of “company”, omit “or a body of persons by whom a security may be given in pursuance of the said Part VI”.

(3) Omit the definition of “security”.

4.  In the italic heading before Regulation 5, omit “or security”.

5.—(1) Regulation 5 is amended as follows.

(2) In paragraph (1)—

(a)in the words before sub-paragraph (a), omit “of a security or”;

(b)in sub-paragraph (a)—

(i)omit “or security”; and

(ii)omit “or a certificate of security in Form D”;

(c)in sub-paragraph (b)—

(i)omit “or security”; and

(ii)omit “or Form D”; and

(d)omit the words after sub-paragraph (b).

(3) In paragraph (2)—

(a)in the first place it occurs, omit “or security”;

(b)omit “or Form D, as the case may be”;

(c)omit “in either case”; and

(d)in the second place it occurs, omit “or security”.

6.—(1) Regulation 6 is amended as follows.

(2) Omit “or certificate of security”.

(3) Omit “or security”.

7.—(1) Regulation 7 is amended as follows.

(2) In the words before paragraph (1), omit “or a certificate of security”.

(3) Omit paragraphs (1) and (2).

8.  In regulation 8, omit “(2) or”.

9.—(1) Regulation 10 is amended as follows.

(2) In paragraph (1)—

(a)in each place, omit “or security”; and

(b)omit sub-paragraph (h).

(3) In paragraph (2), omit “or a security”.

(4) Omit paragraph (3).

(5) In paragraph (4), omit “or security”.

(6) In paragraph (6)(a), omit “or security”.

10.  In regulation 12, in each place, omit “or security”.

11.  In regulation 13, omit “or a certificate of security”.

12.—(1) Schedule 1 is amended as follows.

(2) In Part 1, omit Form D and Form E.

(3) In Part 2—

(a)in paragraph 4, for “B, or D”, substitute “or B”;

(b)in paragraph 5—

(i)omit “or the operation of the relevant security”; and

(ii)omit “or security”;

(c)in paragraph 6—

(i)in sub-paragraph (1)—

(aa)omit “, certificate of security”; and

(bb)for “, C and D” substitute “and C”; and

(ii)in sub-paragraph (2)—

(aa)omit “or a certificate of security”; and

(bb)omit “or security”; and

(d)in paragraph 7, omit “or certificate of security”.