Regulation 19 UK firms: scope of outward passportI1
United Kingdom
Where—
the activities identified in a notice of intention under paragraph 19 or 20 of Schedule 3 include (in accordance with paragraph 19(3) or 20(2) of that Schedule) any activity which is not a regulated activity, and
that activity is one which the UK firm in question is able to carry on in the EEA State in question without contravening any provision of the law of the United Kingdom (or any part of the United Kingdom),
the UK firm is to be treated, for the purposes of the exercise of its EEA right, as being authorised to carry on that activity.
Where—
the activities of a UK firm which pursues the activity of reinsurance (within the meaning of F3Article 13(7) of the Solvency 2 Directive) includes any activity which is not a regulated activity, and
that activity is one which the UK firm in question is able to carry on in the EEA State in question without contravening any provision of the law of the United Kingdom (or any part of the United Kingdom),
the UK firm is to be treated, for the purpose of the exercise of its EEA right, as being authorised to carry on that activity.
Annotations
Textual amendments
- F1
Reg. 19 renumbered as reg. 19(1) (10.12.2007) by The Reinsurance Directive Regulations 2007 (S.I. 2007/3253), reg. 1(1), Sch. 2(b)(i)
- F2
Reg. 19(2) inserted (10.12.2007) by The Reinsurance Directive Regulations 2007 (S.I. 2007/3253), reg. 1(1), Sch. 2(b)(ii)
- F3
Words in reg. 19(2)(a) substituted (1.1.2016) by The Solvency 2 Regulations 2015 (S.I. 2015/575), reg. 1(2), Sch. 2 para. 13(6)