# The Insurance Companies (Third Insurance Directives) Regulations 1994, Regulation 70: Transitional provisions: UK insurers

Extent: E+W+S+N.I.

(1) If—
(a) an insurance company which immediately after the commencement date is a UK company, or
(b) a member of Lloyd's,
was immediately before that date lawfully carrying on insurance business of a class or part of a class in a member State other than the United Kingdom, it shall be treated for the purposes of the 1982 Act as if the requirements of paragraph 1 of Schedule 2G to that Act had been complied with in relation to insurance business of that class or part of a class.
(2) If—
(a) an insurance company which immediately after the commencement date is a UK company, or
(b) a member of Lloyd's,
was immediately before that date lawfully providing insurance of a class or part of a class in a member State other than the United Kingdom, it shall be treated for the purposes of the 1982 Act as if the requirements of paragraph 5 of Schedule 2G to that Act had been complied with in relation to insurance of that class or part of a class.

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Source: https://www.legislation.gov.uk/uksi/1994/1696/regulation/70 (the official version)
Page: https://openlegislation.uk/insurance-companies-third-insurance-directives-regulations-1994/regulation-70
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.