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Paragraph 6

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)

In the case of a body corporate notifying the Secretary of State pursuant to section 61(1) of the Act that it is a proposed controller (other than a managing director or chief executive of the authorised insurance company), the particulars to be provided are those set out in A to I of Part IV of this Schedule together with Notice 2 in Part IV of this Schedule.

(2)

Where several of the same group of companies are serving notice pursuant to section 61(1) of the Act—

(a)

the particulars set out in A to F of Part IV of this Schedule may be provided by one member company only;

(b)

that member company should be the one likely to be most active in exercising control of the authorised insurance company;

(c)

the company providing these particulars shall give the required particulars in respect of all companies in the group other than existing controllers of the authorised insurance company (whether proposed corporate controllers or not);

(d)

where historical information is sought, the member company shall give it in respect of companies which are currently part of the group whether or not they were part of the group at the relevant time;

(e)

every proposed corporate controller shall provide Notice 2 in Part IV of this Schedule.

(3)

Where the company in respect of which the notification is made is proposed as a controller of more than one authorised insurance company, the particulars set out in A to E, F1 and G of Part IV of this Schedule need be provided only once.