The Insurance Companies (Overseas Life Assurance Business) (Excluded Business) (Amendment No. 2) Regulations 2007

• Citation: S.I. 2007/3445
• Sections: 2

Section 1 Citation, commencement and effect

(1) These Regulations may be cited as the Insurance Companies (Overseas Life Assurance Business) (Excluded Business) (Amendment No. 2) Regulations 2007 and shall come into force on 28th December 2007.

(2) These Regulations have effect in relation to policies or contracts made by an insurance company on or after the date on which these Regulations come into force.

Section 2 Amendment of regulation 7 of the Insurance Companies (Overseas Life Assurance Business) (Excluded Business) Regulations 2000

(1) The Insurance Companies (Overseas Life Assurance Business) (Excluded Business) Regulations 2000 are amended as follows.

(2) In regulation 7(b) (circumstances where business not prescribed for the purpose of section 431D(1A)(d)), for “qualifying overseas pension scheme within the meaning of paragraph 5 of Schedule 33 to the Finance Act 2004 ” substitute “recognised overseas pension scheme within the meaning given by section 150(8) of the Finance Act 2004”.