Section 61 Approval of person proposing to become controller of insurance company where section 60 does not apply.C1

he has served on the F1Treasury a written notice stating that he intends to become a controller of that company and containing such particulars as may be prescribed; and

either the TreasuryF2 have, before the expiration of the period of three months beginning with the date of service of that notice, notified him in writing that there is no objection to his becoming a controller of the company or that period has elapsed without the Treasury having served on him a written notice of objection.

that it appears to F4the Treasurythat the person concerned is not a fit and proper person to become a controller of the company; or

where the company is a UK or non-EC company, that it appears to the Treasury that, if that person were to become such a controller, the criteria of sound and prudent management would not or might not continue to be fulfilled in respect of the company.

that the TreasuryF5are considering the service on that person of a notice of objection on that ground; and

that that person may, within the period of one month from the date of service of the preliminary notice, make written representations to the Treasuryand, if that person so requests, oral representations to an officer of F6the Treasury appointed for the purpose by the Treasury.

Article 29b(4) of the first general insurance Directive; or

Article 32b(4) of the first long term insurance Directive.