Statutory Instruments
2008 No. 1469
Financial Services And Markets
The Financial Services and Markets Act 2000 (Amendment of section 323) Regulations 2008
Made
9th June 2008
Laid before Parliament
9th June 2008
Coming into force
30th June 2008
The Treasury are a government department designated( 1 ) for the purposes of section 2(2) of the European Communities Act 1972( 2 ) in relation to transfers of insurance contracts other than contracts of life assurance from one insurance undertaking to another and matters relating to the transfer of contracts of life assurance from one insurance undertaking to another and to anything supplemental or incidental to those matters.
In exercise of the powers conferred on them by section 2(2) of the European Communities Act 1972, the Treasury make the following Regulations:
Citation and commencement
1. These Regulations may be cited as the Financial Services and Markets Act 2000 (Amendment of section 323) Regulations 2008 and come into force on 30th June 2008.
Amendment to section 323
2. In section 323 of the Financial Services and Markets Act 2000( 3 ) (transfer schemes), for the words from “members” (where it first occurs) to the end substitute—
“ underwriting members of the Society or by one or more persons who have ceased to be such a member (whether before, on or after 24th December 1996) ” .
Dave Watts
Frank Roy
Two of the Lords Commissioners of Her Majesty’s Treasury
9th June 2008
1972 c. 68 . The enabling powers of section 2(2) of this Act were extended by virtue of the amendment of section 1(2) by section 1 of the European Economic Area Act 1993 (c.51) . Council Directive 73/239/EEC applies in the EEA by virtue of the Annex IX of the EEA Agreement signed at Oporto on 2 nd May 1992 together with the Protocol adjusting that Agreement signed at Brussels on 17 th March 1993. Directive 2002/83 of the European Parliament and the Council applies in the EEA by virtue of the EEA Joint Committee Decision No 60/2004 of 26th August 2004 (O.J. L.277, 26.8.2004, p.172).
2000 c.8 .