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558. Paragraph 1 of Schedule 5A(1) (mis-sold pensions) to the Local Government Pension Scheme Regulations 1997 is amended as follows—
(a)in sub-paragraph (a)—
(i)after “a person who is” insert “an authorised person within the meaning of the Financial Services and Markets Act 2000 (“the 2000 Act”),”,
(ii)before “has been an authorised person” insert “who”, and
(iii)the words “(“the 1986 Act”)” are revoked;
(b)in sub-paragraph (b) for “section 44 of the 1986 Act” substitute “section 39 of the 2000 Act”;
(c)sub-paragraph (c) is revoked;
(d)for sub-paragraph (d) substitute—
“(d)a designated professional body within the meaning of section 326 of the 2000 Act;”
(e)for sub-paragraph (e) substitute—
“(e)the Financial Services Authority;”, and
(f)for sub-paragraph (f) substitute—
“(f)the scheme manager (within the meaning of section 212(1) of the 2000 Act);”.
Schedule 5A was inserted by S.I. 1997/954, regulation 6 (as amended by S.I. 1997/1613, regulations 2(1), 27, Schedule 3, paragraph 62(1), (6)).
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