(1) The Industrial Assurance (Northern Ireland) Order 1979 (as that Order has effect, notwithstanding its revocation [The Industrial Assurance (Northern Ireland) Order 1979 was revoked by section 416(2) of the Financial Services and Markets Act 2000 (c. 8) as from 1st December 2001.], by virtue of the Financial Services and Markets Act 2000 (Consequential Amendments and Savings) (Industrial Assurance) Order 2001 [S.I. 2001/3647, article 3(3), Schedule 1, Part IV, paragraphs 37 to 58.]) is amended as follows.

(2) In paragraph (2) of Article 2 (interpretation) [Article 2 is saved with modifications by S.I. 2001/3647, Schedule 1, Part IV, paragraph 38.], after the definition of "Registrar" insert -

""relevant insurer" means a person, whether incorporated or not, who carried on industrial assurance business before 1st December 2001;".

(3) In Article 20 (illegal policies), in paragraph (1) [Paragraph (1) of Article 20, as it has effect from 1st December 2001, was substituted by S.I. 2001/3647, Schedule 1, Part IV, paragraph 35.] for "entitled" (in the second place it occurs) substitute "liable".