PART 7ENACTMENTS RELATING TO SCOTLAND
CHAPTER IIsecondary legislation
The Teachers' Superannuation (Additional Voluntary Contributions) (Scotland) Regulations 1995 (S.I. 1995/2814)
Meaning of “insurer”247
1
Regulation 9 of the Teachers' Superannuation (Additional Voluntary Contributions) (Scotland) Regulations 1995 (investment of contributions) is amended as follows.
2
In paragraphs (1) and (2), for “insurance company” wherever it appears substitute “insurer”.
3
For paragraph (3) substitute—
3
In this regulation “insurer” means—
a
a person who has permission under Part 4 of the Financial Services and Markets Act 2000 to effect or carry out contracts of long-term insurance, or
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 long-term insurance.
4
After paragraph (3) insert—
4
Paragraph (3) must be read with—
a
section 22 of the Financial Services and Markets Act 2000;
b
any relevant order under that section;
c
Schedule 2 to that Act.