Paragraph 24

United Kingdom

(1)

An EFTA company which intends to provide insurance through an establishment in the United Kingdom may apply to the F1Treasury for a certificate—

(a)

indicating the classes of insurance which the company is authorised to carry on in the United Kingdom, and

(b)

stating that the TreasuryF2do not object to the company providing the insurance.

(2)

If it appears to the Treasurythat a certificate applied for under sub-paragraph (1) above ought to be issued, F3they shall issue the certificate accordingly.

(3)

If the TreasuryF4refuse to issue a certificate, F5they shall inform the company in writing of F6their decision and of the reasons for it.

Annotations

Textual amendments

F1: Words in Sch. 2F para. 24 substituted (5.1.1998) by S.I. 1997/2781, art. 8, Sch. Pt. I para. 72 (with art. 7)
F2: Word in Sch. 2F para. 24(1)(b) substituted (5.1.1998) by S.I. 1997/2781, art. 8, Sch. Pt. I para. 86(a) (with art. 7)
F3: Word in Sch. 2F para. 24(2) substituted (5.1.1998) by S.I. 1997/2781, art. 8, Sch. Pt. I para. 86((b) (with art. 7)
F4: Word in Sch. 2F para. 24(3) substituted (5.1.1998) by S.I. 1997/2781, art. 8, Sch. Pt. I para. 86(c)(i) (with art. 7)
F5: Word in Sch. 2F para. 24(3) substituted (5.1.1998) by S.I. 1997/2781, art. 8, Sch. Pt. I para. 86(c)(ii) (with art. 7)
F6: Word in Sch. 2F para. 24(3) substituted (5.1.1998) by S.I. 1997/2781, art. 8, Sch. Pt. I para. 86(c)(iii) (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F1: Act repealed (1.12.2001) by The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001 (S.I. 2001/3649), arts. 1, 3(1)(b)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