Regulation 15 UK insurance firms: changes to relevant UK details of branchesI1
United Kingdom
A UK firm which has exercised an EEA right, deriving from F1the Solvency 2 Directive, to establish a branch must not make a change falling within paragraph (2) with respect to the branch, unless—
the firm has given a notice to the Authority stating the details of the proposed change at least one month before the change is effected; or
if the change is occasioned by circumstances beyond the firm’s control, the firm has as soon as practicable (whether before or after the change) given a notice to the Authority stating the details of the change.
A change falls within this paragraph if it is a change in any of the information which the UK firm was required to provide to the Authority by or under paragraph 19(2) of Schedule 3, other than a change in the relevant EEA details referred to in regulation 13.
Annotations
Textual amendments
- F1
Words in reg. 15(1) substituted (1.1.2016) by The Solvency 2 Regulations 2015 (S.I. 2015/575), reg. 1(2), Sch. 2 para. 13(5)