# The Insurance Companies (Accounts and Statements) (Amendment) Regulations 1994, Regulation 20: Transitory provision


(1) This regulation applies if in any member State (“the defaulting State”) the third general insurance Directive and the third long term insurance Directive are not fully or substantially implemented on or before 1st July 1994.
(2) Until such date as those Directives are fully or substantially implemented in the defaulting State, the 1983 Regulations shall have effect in relation to an insurance company whose head office is in that State as if that State were an EFTA State rather than a member State.
(3) In this regulation, the “third general insurance Directive” and “the third long term insurance Directive” shall have the meanings given in section 96A of the Act .

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Source: https://www.legislation.gov.uk/uksi/1994/1515/regulation/20 (the official version)
Page: https://openlegislation.uk/insurance-companies-accounts-and-statements-amendment-regulations-1994/regulation-20
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.