Article 44 Requirements and directions under Schedule 2F to the Insurance Companies ActI1

United Kingdom

(1)

This article applies where immediately before commencement an EEA firm was subject to—

(a)

a requirement imposed under section 45 of the Insurance Companies Act by virtue of paragraph 15 of Schedule 2F to that Act; or

(b)

a direction given under paragraph 16 or 17 of that Schedule.

(2)

In a case where this article applies, the requirement or direction has effect after commencement—

(a)

if it relates to the carrying on of an activity or activities which the person has a Part IV permission to carry on, as if it were a requirement imposed on him under section 43;

(b)

if it relates to the carrying on of an activity or activities which he has permission to carry on as a result of Schedule 3 or 4, as if it were a requirement imposed on him under section 196.

Annotations

Commencement

I1: Art. 44 in force at 1.12.2001, see art. 1(2)(b)