OpenLegislation

Section 26 Statements of transactions of prescribed class or description.C1

United Kingdom

(1)

Classes or descriptions of agreements or arrangements appearing to the F1Treasury as likely to be undesirable in the interests of policy holders may be prescribed for the purposes of this section, and every insurance company to which this Part of this Act applies or subordinate company within the meaning of section 31 below of any such company which enters into an agreement or arrangement of a class or description so prescribed shall, within such period as may be prescribed, furnish the Treasury with a statement containing such particulars of that agreement or arrangement as may be prescribed.

(2)

Different classes or descriptions of agreements or arrangements may be prescribed for the purposes of this section in relation to companies of different classes or descriptions.

(3)

The whole or any part of any statement furnished to the Treasury under this section may be deposited by F2 them with the registrar of companies or with the registrar of companies in Northern Ireland or with both and may be published by the Treasury in such ways as F3they think appropriate.

Annotations

Textual amendments

F1

Word in s. 26 substituted (5.1.1998) by S.I. 1997/2781, art. 8, Sch. Pt. I para. 16(a) (with art. 7)

F2

Word in s. 26(3) substituted (5.1.1998) by S.I. 1997/2781, art. 8, Sch. Pt. I para. 16(b)(i) (with art. 7)

F3

Words in s. 26(3) substituted (5.1.1998) by S.I. 1997/2871, art. 8, Sch. Pt. I para.16(b)(ii) (with art. 7)

Modifications

C1

s. 26: power to contract out certain functions conferred (18.11.1998) by S.I. 1998/2842, arts. 2, 3, Sch. Pt. I para.18

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Act repealed (1.12.2001) by The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001 (S.I. 2001/3649), arts. 1, 3(1)(b)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

Modifications

C1

Pt. II (ss. 15-71) restricted (1.1.1993) by S.I. 1992/3218, reg65

Pt. II (ss. 15-71) extended (24.12.1996) by S.I. 1996/3011, reg. 3(1)(b), 10(1)