The Financial Services Act 2012 (Consequential Amendments and Transitional Provisions) Order 2013 No. 472

SCHEDULE 2 Amendments of subordinate legislation

The Stakeholder Pension Schemes Regulations (Northern Ireland) 2000

30.  In the Stakeholder Pension Schemes Regulations (Northern Ireland) 2000(1)—

(a) in regulation 1(3) (citation, commencement and interpretation)—

(i) for the definition of “dilution levy” substitute—

““dilution levy” has the meaning given by the FCA Handbook;”;

(ii) for the definition of “the FSA Handbook” substitute—

““the FCA Handbook” means the Handbook made by the Financial Conduct Authority under the 2000 Act;”;

(b) for regulation 15(6) (requirement for trustees or manager to satisfy certain conditions in relation to with-profits funds) substitute—

“(6) In this regulation the “actuary to the insurer” means a person appointed to perform, in relation to the insurer, either or both of the functions specified in paragraph 4.3.1 of the Supervision Sourcebook made by the Prudential Regulation Authority under the 2000 Act.”.

(1)

S.R (NI) 2000 No. 262, amended by S.R. (NI) 2003 No 256 and S.R. (NI) 2005 No. 110.