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Paragraph 29

United Kingdom

(1)

Where, in the case of an EC company which is not a Gibraltar company—

(a)

the requirements of paragraph 1 or 4 above are complied with in respect of a branch; and

(b)

the requisite details for the purposes of that paragraph indicate that the company intends to carry on insurance business in Gibraltar,

the F1Treasury shall send to the supervisory authority in Gibraltar a notice which contains those details.

(2)

Where, in the case of an EC company which is not a Gibraltar company—

(a)

the requirements of paragraph 2 or 5 above are complied with in respect of a branch; and

(b)

the changes in requisite details for the purposes of that paragraph indicate that the company intends to carry on insurance business in Gibraltar,

the Treasuryshall send to the supervisory authority in Gibraltar a notice which contains details of the changes.

(3)

Where, in the case of an EC company which is not a Gibraltar company, the requirementsof paragraph 8 above are complied with in respect of the provision of any insurance, the Treasury shall send to the supervisory authority in Gibraltar a notice which contains the requisite details for the purposes of that paragraph.

(4)

Where, in the case of an EFTA company, the requirements of paragraph 18 above are compliedwith in respect of the provision of any insurance, the Treasury shall send to the supervisory authority in Gibraltar a notice which contains the requisite details for the purposes of that paragraph.

Annotations

Textual amendments

F1

Word in Sch. 2F para. 29 substituted (5.1.1998) by S.I. 1997/2781, arts. 2(1)(c), 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Act repealed (1.12.2001) by The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001 (S.I. 2001/3649), arts. 1, 3(1)(b)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