Regulation 12 Mutual Societies (Transfers) Order 2009

In the Mutual Societies (Transfers) Order 2009^f1, in article 19—

(a)

in paragraph (1), for “EEA mutual society” substitute “Crown Dependency mutual society”;

(b)

in paragraph (2)(b), omit “an EEA state or”;

(c)

in paragraph (3)—

(i)

omit sub-paragraph (a);

(ii)

in sub-paragraph (b)(ii)—

(aa)

for “under the Directive mentioned in sub-paragraph (a) as a direct life or non-life undertaking within the meaning of Article 2 of that Directive” substitute “under the Financial Services and Markets Act 2000 as an insurer, within the meaning of section 339C(4)(b) of that Act”;

(bb)

for “an EEA state” substitute “the United Kingdom”;

(d)

in the heading, for “EEA” substitute “Crown Dependency”.

Annotations

Footnotes

f1: S.I. 2009/509. Paragraph (3) of Article 19 was amended by S.I. 2015/575.