Regulation 61

Competition Act 1998 (Small Agreements and Conduct of Minor Significance) Regulations 2000

1.

(1) The Schedule to the Competition Act 1998 (Small Agreements and Conduct of Minor Significance) Regulations 2000 [S.I. 2000/262; relevant amending instruments are S.I. 2013/3115 and 2015/575.] is amended as follows.

(2) In paragraph 1 -

(a) in the definition of "financial institution", for "EEA" substitute "United Kingdom";

(b) for the definition of "insurance undertaking" substitute -

""insurance undertaking" means -

(a) an insurance undertaking carrying on the business of direct insurance of a class set out in Article 2 of, or Annex 1 to, Directive 2009/138/EC of the European Parliament and Council of 25 November 2009 on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II) [O.J. L 335, 17.12.2009, p. 1, as last amended by Directive (EU) 2018/843 (O.J. L 156, 19.6.2018).];

(b) a reinsurance undertaking; or

(c) a third-country reinsurance undertaking;";

(c) omit the "and" at the end of the definition of "insurance undertaking" and after that definition insert -

""reinsurance undertaking" means an undertaking which -