Regulation 106 Paragraph 2 (certificates as to margin of solvency)

(1)

Paragraph 2 (certificates as to margin of solvency) is amended as follows.

(2)

Omit—

(a)

sub-paragraph (1)(b)^f1 and the “or” preceding it;

(b)

sub-paragraph (3)^f2.

(3)

In sub-paragraph (6)—

(a)

omit paragraphs (a) and (aa)^f3;

(b)

in paragraph (c)^f4 omit “(a), (aa) or”;

(c)

in paragraph (c)(i) and (ii)^f5 omit, in each place it occurs, “or with permission under Schedule 4”.

(4)

Omit sub-paragraphs (7A) and (9)^f6.

Annotations

f1: Sub-paragraph (1)(b) was amended by paragraph 11(2)(a) of Schedule 6 to the Financial Services Act 2012.
f2: Sub-paragraph (3) was amended by paragraph 11(2)(b) and 11(3) of Schedule 6 to the Financial Services Act 2012.
f3: Paragraph (a) was amended by S.I. 2007/3253; paragraph (aa) was substituted by S.I. 2015/575.
f4: Paragraph (c) was amended by S.I. 2007/3253.
f5: Paragraphs (c)(i) and (ii) were substituted by paragraph 11(4) of Schedule 6 to the Financial Services Act 2012.
f6: Sub-paragraphs (7A) and (9) were substituted by S.I. 2015/575.