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Paragraph 3 InsurersF1

(1)

This paragraph applies where either the company or the supplier—

(a)

carries on the regulated activity of effecting or carrying out contracts of insurance, and

(b)

is not an exempt person in relation to that activity.

(2)

In this paragraph—

  • “exempt person”, in relation to a regulated activity, has the meaning given by section 417 of the Financial Services and Markets Act 2000;

  • “regulated activity” has the meaning given by section 22 of that Act, taken with Schedule 2 to that Act and any order under that section.

Annotations

Textual amendments

F1

Sch. 4ZZA inserted (26.6.2020) by Corporate Insolvency and Governance Act 2020 (c. 12), s. 49(1), Sch. 12 para. 1 (with ss. 2(2), 5(2), 14(4))

Notes on Schedule 4ZZA

Modifications

C1

Sch. 4ZZA applied by S.I. 1994/2421, art. 4(3)(a) (as amended (26.6.2020) by Corporate Insolvency and Governance Act 2020 (c. 12), s. 49(1), Sch. 12 para. 5 (with ss. 2(2), 5(2), 14(4)))