SCHEDULE 2Amendments of subordinate legislation

The Stakeholder Pension Schemes Regulations 2000

31.  In the Stakeholder Pension Schemes Regulations 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 Financial Services and Markets Act 2000;”;

(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 Financial Services and Markets Act 2000.”.