Paragraph 8

United Kingdom

(1)

A UK insurer which has ceased—

(a)

to carry on direct insurance business through a branch in a member State other than the United Kingdom; or

(b)

to provide insurance in such a member State,

shall as soon as practicable notify the F1Treasury in writing that it has done so.

(2)

Any insurance which is provided by the insurer participating in a Community co-insuranceoperation otherwise than as the leading insurer shall be disregarded for the purposes of this paragraph.

Annotations

Textual amendments

F1: Word in Sch. 2G para. 8(1) 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F1: Act repealed (1.12.2001) by The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001 (S.I. 2001/3649), arts. 1, 3(1)(b)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