{
  "url": "https://openlegislation.uk/financial-services-and-markets-act-2000-transitional-provisions-authorised-persons-etc-order-2001/article-26",
  "json_url": "https://openlegislation.uk/financial-services-and-markets-act-2000-transitional-provisions-authorised-persons-etc-order-2001/article-26.json",
  "legislation": "uksi/2001/2636",
  "legislation_title": "The Financial Services and Markets Act 2000 (Transitional Provisions) (Authorised Persons etc. ) Order 2001",
  "legislation_url": "https://openlegislation.uk/financial-services-and-markets-act-2000-transitional-provisions-authorised-persons-etc-order-2001",
  "path": "article/26",
  "kind": "article",
  "number": "26",
  "heading": "EC companies carrying on direct insurance through UK branch",
  "text": "(1) This article applies to an EEA firm which was, immediately before commencement—\n(a) an EC company within the meaning of the Insurance Companies Act; and\n(b) by reason of compliance with the requirements of paragraph 1 of Schedule 2F to that Act, able to carry on direct insurance business through a branch in the United Kingdom without contravening section 2(1) of that Act.\n(2) The firm is to be treated as satisfying the establishment conditions in paragraph 13 of Schedule 3 and, accordingly, is to be treated—\n(a) as qualifying for authorisation under Schedule 3 as a result of paragraph 12 of that Schedule; and\n(b) as being an “incoming firm” for the purposes of Part XIII of the Act.\n(3) For the purposes of paragraph 15(1) of Schedule 3 as it applies to the firm, each activity which immediately before commencement the firm was—\n(a) by reason of compliance with the requirements of paragraph 1 of Schedule 2F to the Insurance Companies Act, able to carry on through a branch in the United Kingdom without contravening that paragraph, and\n(b) able so to carry on without contravening paragraph 2 of that Schedule,\nis a permitted activity.\n(4) The reference in paragraph 15(2) of Schedule 3 to the consent notice is to be read, in relation to the firm, as a reference to—\n(a) the notice and certificate under paragraph 1(2)(a) of Schedule 2F to the Insurance Companies Act; and\n(b) any later notices under paragraph 2 of that Schedule that are relevant.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Art. 26 in force at 1.12.2001, see art. 1(2)(b)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2001/2636/article/26",
    "retrieved_at": "2026-10-29T07:34:38.690962+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}