Financial Advisers (Definitions, Voluntary Authorisation, Prescribed Entities, and Exemptions) Regulations 2011

5 Meaning of investment-linked contract of insurance

(1)

For the purposes of the Act, investment-linked contract of insurance means any contract of insurance other than—

(a)

a pure risk contract of insurance; or

(b)

a life insurance policy (within the meaning of section 2(1) of the Securities Act 1978) issued before 1 January 2009.

(2)

In subclause (1), pure risk contract of insurance has the meaning set out in section 9(3) of the Financial Markets Conduct Act 2013.

(3)

[Revoked]

Regulation 5(2): replaced, on 1 December 2014, by regulation 4(1) of the Financial Advisers (Definitions, Voluntary Authorisation, Prescribed Entities, and Exemptions) Amendment Regulations (No 2) 2014 (LI 2014/330).

Regulation 5(3): revoked, on 1 December 2014, by regulation 4(2) of the Financial Advisers (Definitions, Voluntary Authorisation, Prescribed Entities, and Exemptions) Amendment Regulations (No 2) 2014 (LI 2014/330).