Section 87 Companies established outside the United Kingdom.

United Kingdom

(1)

The provisions specified in subsection (2) below, if, apart from this section they would not so apply, shall apply in relation to an insurance company incorporated outside the United Kingdom which carries on insurance business within Great Britain or, as the case may be, Northern Ireland as they apply in relation to oversea companies within the meaning of F1the Companies Act or, as the case may be, companies to which F2Part XXIII of the F3Companies (Northern Ireland) Order 1986 applies.

(2)

The provisions referred to in subsection (1) above are—

F4(a)

sections 691, 692, 693(1), 695, 696 to 698, 700 to 703 and 708 of the Companies Act,

F5(c)

Articles 641, 642, 643(1) and (2), 645, 646 to 648, 649 to 652 and 657 of the Companies (Northern Ireland) Order 1986.

Annotations

Textual amendments

F1: Words substituted by Companies Consolidation (Consequential Provisions) Act 1985 (c. 9, SIF 27), s. 30, Sch. 2
F2: Words substituted by S.I. 1986/1035 (N.I. 9), art. 23, Sch. 1 Pt. II
F3: Words substituted by S.I. 1986/1035 (N.I. 9), art. 23, Sch. 1 Pt. II
F4: S. 87(2)(a) substituted (E.W.S.) (1.1.1993) for paras. (a) and (b) of s. 87(2) by virtue of Companies Consolidation (Consequential Provisions) Act 1985 (c. 9, SIF 27), s. 30, Sch. 2 and S.I. 1992/3179, reg. 4, Sch. 3 para. 2.
F5: S. 87(2)(c) substituted (8.6.1993) by S.R. 1993/198, art. 4, Sch. 3 para. 2

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F1: Act repealed (1.12.2001) by The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001 (S.I. 2001/3649), arts. 1, 3(1)(b)