# The Financial Services and Markets Act 2000 (Transitional Provisions) (Partly Completed Procedures) Order 2001, Article 98: EC companies seeking to carry on reinsurance business

Extent: E+W+S+N.I.

(1) This article applies in relation to an EC company (within the meaning of the Insurance Companies Act) which at commencement—
(a) is seeking to carry on reinsurance business through a branch in the United Kingdom; and
(b) neither has permission to carry on that activity by virtue of Schedule 4 nor has a Part IV permission to carry it on.
(2) If before commencement the company had, in accordance with paragraph 4(2)(a)(i) of Schedule 2F to the Insurance Companies Act, served a notice of its intention to carry on reinsurance business, the notice is to be treated as an application for permission made under section 40.
(3) Article 9 applies in relation to an application treated under this article as an application under section 40 or 44 as it applies to an application so treated pursuant to a provision in Part II.

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Source: https://www.legislation.gov.uk/uksi/2001/3592/article/98 (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000-transitional-provisions-partly-completed-procedures-order-2001/article-98
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.