# The Insurance Companies (Amendment) Regulations 1993, Regulation 2: Grounds for exercising supervisory powers


(1) In the following provisions of the 1982 Act, namely–
(a) subsection (2)(aa) of section 11 (withdrawal of authorisation in respect of new business: grounds);
(b) subsection (2)(b)(ia) of section 37 (powers of intervention: grounds: failure to satisfy obligations);
(c) subsections (1)(bb) and (2)(bb) of section 54 (winding up on petition of Secretary of State under the Insolvency Act 1986 or corresponding Northern Ireland provisions); and
(d) section 83A (Lloyd’s underwriters – insurance Directives),
for the words “general insurance Directives” substitute the words “general or long term insurance Directives”.

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Source: https://www.legislation.gov.uk/uksi/1993/174/regulation/2 (the official version)
Page: https://openlegislation.uk/insurance-companies-amendment-regulations-1993/regulation-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.