Insurance Companies (Amendment) Regulations 1982
| Jurisdiction | UK Non-devolved |
| Citation | SI 1982/675 |
| Year | 1982 |
1982 No. 675
INSURANCE
The Insurance Companies (Amendment) Regulations 198210thMay 1982
11thMay 1982
1stJune 1982
The Secretary of State, in exercise of his powers under sections 68(1) and (2)(a) and 86(1) of the Insurance Companies Act 1974(a) and of all other powers enabling him in that behalf, hereby makes the following Regulations:—
1. These Regulations may be cited as the Insurance Companies (Amendment) Regulations 1982 and shall come into operation on 1st June 1982.
2. Part I of Schedule 13 to the Insurance Companies Regulations 1981 (b) is hereby amended—
(a) by the insertion after paragraph 1 of the following paragraphs—
"1A(a) Securities of a company which has been accorded facilities for dealings in those securities on The Stock Exchange (otherwise than as listed securities) without prior permission for individual transactions from the Council of The Stock Exchange and without limit as to the time during which those facilities are to be available.
(b) Securities traded on the over-the-counter market in the United States of America regulated by the National Association of Securities Dealers.
1B. Securities of the following governments: the government of Canada or of any province of Canada; the government of the United States of America or of any state of the United States of America";
(b) in paragraph 2 by the insertion after the word "Gibraltar" of the word "Greece";
(c) by the substitution for paragraph 5 of the following paragraph—
"5(a) Shares in, and deposits with, a building society within the meaning of the Building Societies Act 1962(c) or the Building Societies Act (Northern Ireland) 1967(d).
(b) Loans to a building society designated under section 1 of the House Purchase and Housing Act 1959 (e).";
(d) by the substitution for paragraph 7 of the following paragraph—
"7 Loans to, deposits with (including certificates of deposits issued by), amounts standing to the credit of any account with, and bills of exchange accepted by, any of the following being, in any case, in the currency of any country,—
(a) 1974 c.49; section 68(1) was amended by paragraph 13 of Schedule 4 and Part 1 of Schedule 5 to the Insurance Companies Act 1981(c.31).
(b) S.I. 1981/1654.
(c) 1962 c.37.
(d) 1967 c.31 (N.I.)
(e) 1959 c.33.
The Bank of England;
The National Savings Bank;
The Post Office in the exercise of its powers to provide banking services;
A trustee savings bank within the meaning of the Trustee Savings Bank Act 1981 (a);
A bank...
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