Regulation 8 Applicants from other EEA States etc.I1

In subsections (1), (2) and (3) of section 8 of the 1982 Act (applicants from other member States), for the words “applicant whose head office is in a member State other than the United Kingdom” substitute the words “applicant to which this section applies”.

For subsection (3A) of that section^f1 substitute—

“(3A)

An applicant is one to which this section applies if—

(a)

its head office is in a member State other than the United Kingdom and it is not an EC company; or

(b)

its head office is in an EFTA State; or

(c)

its head office is in Switzerland and the authorisation sought by it is an authorisation to carry on general business which is not restricted to reinsurance business.”

In subsection (4) of that section, the words “and ‘controller’, ‘manager’ and ‘main agent’ have the same meanings as in section 7 above” (which are superseded by regulation 50 below) shall cease to have effect.