(1) Article 2 of the Financial Services and Markets Act 2000 (Collective Investment Schemes) Order 2001 [S.I. 2001/1062, to which there are amendments not relevant to this instrument.] is amended as follows.

(2) Omit the definitions of "occupational pension scheme" and "personal pension scheme".

(3) In the appropriate places insert -

""occupational pension scheme" has the meaning given by section 1 of the Pension Schemes Act 1993 but with paragraph (b) of the definition omitted;

"personal pension scheme" means a scheme or arrangement which is not an occupational pension scheme and which is comprised in one or more instruments or agreements, having or capable of having effect so as to provide benefits to or in respect of people -

(a) on retirement,

(b) on having reached a particular age, or

(c) on termination of service in an employment;".