Article 5 Overseas regulated activity

In this Order an “overseas regulated activity” is a regulated activity which the Relevant Applicant—

(a)

is regarded as carrying on in the United Kingdom after the relevant date only by virtue of section 418; and

(b)

which the Relevant Applicant was carrying on at 3 September 2001 without contravening—

(i)

regulation 20 of the ISD Regulations;

(ii)

regulation 22 of the 2BCD Regulations;

(iii)

paragraph 1 or 5 of Schedule 2G to the Insurance Companies Act^f1;

(iv)

paragraph 1 or 5 of Schedule 13B to the Friendly Societies Act^f2.

Annotations