This Order may be cited as the Social Security Administration Act 1992 (Amendment) Order 2002 and shall come into force on 1st April 2002.
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The Social Security Administration Act 1992 (Amendment) Order 2002
In section 109B of the Social Security Administration Act 1992 (power to require information), in subsection (2A) —
(a) after paragraph (a) insert—
(aa) the Director of National Savings;
(b) for paragraph (c) substitute—
(c) any insurer;
(c) for paragraph (h) substitute—
(h) any person who—
(i) is the holder of a licence under section 7 of the Gas Act 1986 (c. 44) to convey gas through pipes, or
(ii) is the holder of a licence under section 7A(1) of that Act to supply gas through pipes;
(d) for paragraph (i) substitute—
(i) any person who (within the meaning of the Electricity Act 1989 (c. 29) ) distributes or supplies electricity;
In section 109B of the Social Security Administration Act 1992 (power to require information)—
(a) in subsection (7)—
(i) for the definition of “bank” substitute—
“bank” means—
a person who has permission under Part IV of the Financial Services and Markets Act 2000 (c. 8) to accept deposits;
an EEA firm of the kind mentioned in paragraph 5(b) 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 accept deposits or other repayable funds from the public; or
a person who does not require permission under that Act to accept deposits, in the course of his business in the United Kingdom;
(ii) after the definition of “credit” insert—
“insurer” means—
a person who has permission under Part IV of the Financial Services and Markets Act 2000 to effect or carry out contracts of insurance; or
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 insurance;
(b) after subsection (7) insert—
(7A) The definitions of “bank” and “insurer” in subsection (7) must be read with—
(a) section 22 of the Financial Services and Markets Act 2000;
(b) any relevant order under that section; and
(c) Schedule 2 to that Act.
Cite this legislation
The Social Security Administration Act 1992 (Amendment) Order 2002 (legislation.gov.uk, OGL v3.0). Retrieved via LawPlayer, https://lawplayer.com/uk/act/uksi-2002-817
Contains public sector information licensed under the Open Government Licence v3.0.
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