Regulation 114 Paragraph 10 (insurance business transfers effected outside the United Kingdom)

In paragraph 10 (insurance business transfers effected outside the United Kingdom)—

(a)

in sub-paragraph (1) for “any of the conditions in sub-paragraphs (2), (3) or (4)” substitute “the condition in sub-paragraph (4)”;

(b)

omit sub-paragraphs (2) and (3)^f1;

(c)

in sub-paragraph (4)^f2 for “a UK authorised person” to the end substitute “a UK authorised person as defined in section 105(8)”.

Annotations

f1: Sub-paragraph (2) was amended by S.I. 2007/3253 and paragraph 19(2) of Schedule 6 to the Financial Services Act 2012; sub-paragraph (3) was substituted by S.I. 2015/575.
f2: Sub-paragraph (4) was substituted by S.I. 2015/575.