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Statutory Instruments

2001 No. 2634

FINANCIAL SERVICES AND MARKETS

The Financial Services and Markets Act 2000 (Insolvency) (Definition of “Insurer”) Order 2001

Made

20th July 2001

Laid before Parliament

20th July 2001

Coming into force

in accordance with article 1

The Treasury, in exercise of the powers conferred on them by sections 355(2) and 428(3) of the Financial Services and Markets Act 2000( 1 ) (“the Act”), hereby make the following Order:

1. —(1) This Order may be cited as the Financial Services and Markets Act 2000 (Insolvency) (Definition of “Insurer”) Order 2001 and comes into force on the day on which section 19 of the Act comes into force.

(2) In this Order, the “Regulated Activities Order” means the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001( 2 ).

2. In Part XXIV of the Act (insolvency)( 3 ), except section 360 (administration orders in relation to insurers), “insurer” means any person who is carrying on a regulated activity of the kind specified by article 10(1) or (2) of the Regulated Activities Order (effecting and carrying out contracts of insurance) but who is not—

(a) exempt from the general prohibition in respect of that regulated activity;

(b) a friendly society; or

(c) a person who effects or carries out contracts of insurance all of which fall within paragraphs 14 to 18 of Part I of Schedule 1 to the Regulated Activities Order in the course of, or for the purposes of, a banking business.

Tony McNulty

Graham Stringer

Two of the Lords Commissioners of Her Majesty’s Treasury

20th July 2001

( 1 )

2000 c. 8 .

( 2 )

S.I. 2001/544 .

( 3 )

Modified by the Limited Liability Partnerships Regulations 2001 S.I. 2001/1090 .

Status: This is the original version (as it was originally made). This item of legislation is currently only available in its original format.
The Financial Services and Markets Act 2000 (Insolvency) (Definition of “Insurer”) Order 2001 (2001/2634)

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footnotecommentarytransitional and savingsin force statusrelated provisionsgeo extentinsert/omitsource countin force adj
Defined TermSection/ArticleIDScope of Application
InsurerUnknownInsurer_rtpRn5g
insurerUnknowninsurer_rtvIK3x
Regulated Activities OrderUnknownRegulated__rtS3Leq
the ActUnknown(“_prnUfEXN
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The Financial Services and Markets Act 2000 (Insolvency) (Definition of Insurer) Order 2001 2001 No. 2634 art. 2 words omitted The Financial Services and Markets Act 2000 (Administration Orders Relating to Insurers) Order 2002 2002 No. 1242 art. 2 Not yet

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