Paragraph 12
United Kingdom
A UK insurer commits an offence if—
it carries on insurance business in a member State other than the United Kingdom in contravention of paragraph 1 above;
in contravention of paragraph 2 or 3 above, it changes the requisite EC details or, as the case may be, the requisite UK details of a branch established by it in such a member State;
it provides insurance in such a member State in contravention of paragraph 5 above;
in contravention of paragraph 6 above, it changes the requisite details relating to the provision of insurance in such a member State; or
it makes default in complying with, or with a requirement imposed under, any other provision of this Schedule.
A person commits an offence if he causes or permits to be included in a notification sent to the F1Treasury under paragraph 1, 2, 3, 5 or 6 above a statement which he knows to be false in a material particular or recklessly causes or permits to be so included a statement which is false in a material particular.
A person committing an offence under this paragraph is liable on summary conviction to a fine not exceeding level 5 on the standard scale.
Annotations
Textual amendments
- F1
Words in Sch. 2G para. 12 substituted (5.1.1998) by S.I. 1997/2781, art. 8, Sch. Pt. I para. 88 (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Act repealed (1.12.2001) by The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001 (S.I. 2001/3649), arts. 1, 3(1)(b)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 2G
Textual amendments
- F1
Sch. 2G inserted (1.7.1994) by S.I. 1994/1696, reg. 46(2), Sch. 7
Modifications
- C1
Sch. 2G: Power to contract out functions conferred (18.11.1998) by S.I. 1998/2842, arts. 2, 3, Sch. Pt. I para. 61