Regulation 13 Insurance companies to which Part II appliesI1

After subsection (1) of section 15 of the 1982 Act (insurance companies to which Part II applies) insert—

“(1A)

Except as otherwise provided by Part I of Schedule 2F to this Act, this Part of this Act (except sections 47A, 47B, 54 to 59 and Schedule 2B) does not apply to an EC company in so far as it is carrying on insurance business through a branch in respect of which such of the requirements of Part I of Schedule 2F to this Act as are applicable have been complied with.”