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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 December 2001 - onwards
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Article 330 Meaning of "qualifying lender"

(1) Section 15A of the Social Security Administration Act 1992 is amended as follows.

(2) In subsection (3) -

(a) for paragraph (a) substitute -

"(a) a deposit taker;";

(b) paragraph (b) is repealed; and

(c) for paragraph (c) substitute -

"(c) an insurer;".

(3) In subsection (4), before the definition of "mortgage interest" insert -

""deposit taker" means -

(a) a person who has permission under Part 4 of the Financial Services and Markets Act 2000 to accept deposits, or

(b) 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;

"insurer" means -

(a) a person who has permission under Part 4 of the Financial Services and Markets Act 2000 to effect and carry out contracts of insurance, or

(b) an EEA firm of the kind mentioned in paragraph 5(b) of Schedule 3 to that Act which has permission under paragraph 15 o

Comparing proposed amendment...