Paragraph 23

United Kingdom

(1)

Where an EFTA company intends to provide insurance through an establishment in the United Kingdom, it shall before doing so notify the F1Treasury of its intention.

(2)

The notification shall indicate—

(a)

the EEA State in which the insurance is to be provided, and

(b)

the nature of the risks or commitments which the company proposes to cover.

(3)

Where the company intends to provide insurance in more than one EEA State, the information specified above may be contained in a single notification but must be set out separately in relation to each such State.

(4)

Where a company has duly notified the Treasury of its intention to provide insurancein an EEA State where administrative authorisation is required for the provision of insurance, then, if the original notification related—

(a)

only to risks or commitments in respect of which such authorisation is required, or

(b)

only to risks or commitments in respect of which such authorisation is not required,

Annotations

Textual amendments

F1: Word in Sch. 2F para. 23 substituted (5.1.1998) by S.I. 1997/2781, art. 8, Sch. Pt. I para. 72 (with art. 7)

Notes on the whole Act

Textual amendments

F1: Act repealed (1.12.2001) by The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001 (S.I. 2001/3649), arts. 1, 3(1)(b)

Notes on Schedule 2F]

Textual amendments

F1: Sch. 2F inserted (1.7.1994) by S.I. 1994/1696, reg. 45(2), Sch. 6

Modifications

C1: Sch. 2F: Power to contract out certain functions conferred (18.11.1998) by S.I. 1998/2842, arts. 2, 3, Sch. Pt. I para. 60