(1) In paragraph (3) of regulation 1 of the Stakeholder Pension Schemes Regulations 2000 (Citation, commencement and interpretation) -
(a) the definition of "insurance company" is revoked, and in the same place insert -
""insurer" means -
(a) a person who has permission under Part 4 of the Financial Services and Markets Act 2000 to effect or carry out contracts of insurance, or
(b) 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;"; and
(b) for the definition of "securities" substitute -
""securities" means investments of the following kinds -
(a) shares,
(b) instruments creating or acknowledging indebtedness,
(c) government and public securities,
(d) instruments giving entitlements to investments,
(e) certificates representing securities,
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