Regulation 7 Transitional provision: UK insurers

If a UK company or a member of Lloyd’s was immediately before the commencement date lawfully carrying on insurance business of a class or part of a class in Liechtenstein, the company or member shall be treated for the purposes of the 1982 Act as if the requirements of paragraph 1 of Schedule 2G to that Act^f1 (recognition in other EEA States of UK insurers) had been complied with in relation to insurance business or long term business of that class or part of a class.