Amendment of the Social Security Administration Act2

1

Section 103B of the Social Security Administration (Northern Ireland) Act 1992 (power to require information) shall be amended in accordance with paragraphs (2) to (4) of this Article.

2

In subsection (2A)3–

a

after paragraph (a) there shall be inserted the following paragraph–

aa

the Director of National Savings;

b

for paragraph (c) there shall be substituted the following paragraph–

c

any insurer;

c

for paragraph (g) there shall be substituted the following paragraph–

g

any person who is the holder of a licence under Article 8(1) of the Gas (Northern Ireland) Order 19964 which relates to the conveyance or supply of gas through pipes;

d

for paragraph (h) there shall be substituted the following paragraph–

h

any person who is the holder of a licence under Article 10(1) of the Electricity (Northern Ireland) Order 19925 which relates to the transmission or supply of electricity;

3

In subsection (7)6–

a

for the definition of “bank” there shall be substituted the following definition–

  • “bank” means–

    1. a

      a person who has permission under Part IV of the Financial Services and Markets Act 20007 to accept deposits;

    2. b

      an EEA firm of the kind mentioned in paragraph 5(b) 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 accept deposits or other repayable funds from the public; or

    3. c

      a person who does not require permission under that Act to accept deposits, in the course of his business in the United Kingdom;

b

after the definition of “credit” there shall be inserted the following definition–

  • “insurer” means–

    1. a

      a person who has permission under Part IV of the Financial Services and Markets Act 2000 to effect or carry out contracts of insurance; or

    2. b

      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 insurance;

4

After subsection (7) there shall be added the following subsection–

7A

The definitions of “bank” and “insurer” in subsection (7) above must be read with–

a

section 22 of the Financial Services and Markets Act 2000;

b

any relevant order under that section; and

c

Schedule 2 to that Act.