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Criminal Justice (Money Laundering and Terrorist Financing) (Amendment) Act 2018
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PART 3

Consequential Amendments

Consequential amendments

41. (1) The Investor Compensation Act 1998 is amended—

(a) in section 30(1), in paragraph (vi) (amended by section 120(2) of the Act of 2010) of the definition of “net loss”, and

(b) in section 35(3)(c) (amended by section 120(3) of the Act of 2010),

by the substitution of “Directive (EU) 2015/849 of the European Parliament and of the Council of 20 May 201517 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing, amending Regulation (EU) No 648/2012 of the European Parliament and of the Council, and repealing Directive 2005/60/EC of the European Parliament and of the Council and Commission Directive 2006/70/EC” for “Directive 2005/60/EC of the European Parliament and of the Council of 26 October 2005 on the prevention of the use of the financial system for the purpose of money laundering and terrorist financing”.

(2) Regulation 64(2)(f) of the European Union (Insurance and Reinsurance) Regulations 2015 ( S.I. No. 485 of 2015 ) is amended by the substitution of “Directive (EU) 2015/849 of the European Parliament and of the Council of 20 May 201518 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing, amending Regulation (EU) No 648/2012 of the European Parliament and of the Council, and repealing Directive 2005/60/EC of the European Parliament and of the Council and Commission Directive 2006/70/EC” for “Directive 2005/60/EC of the European Parliament and of the Council of 26 October 2005 on the prevention of the use of the financial system for the purpose of money laundering and terrorist financing”.

17 OJ No. L 141, 5.6.2015, p. 7

18 OJ No. L 141, 5.6.2015, p. 73