Paragraph 2
Subject to paragraph 3 of this Part of this Schedule, the admission agreement shall further provide that where the level of risk identified by the assessment is such as to require it, an admission body shall enter into an indemnity or bond in an approved form with—
a person who has permission under Part 4A of the Financial Services and Markets Act 2000 M1 to accept deposits or to effect and carry out contracts of general insurance;
an EEA firm of the kind mentioned in paragraph 5(b) and 5(d) of Schedule 3 to that Act M2, which has permission under paragraph 15 of that Schedule (as a result of qualifying for authorisation under paragraph 12 of that Schedule M3) to accept deposits or to effect and carry out contracts of general insurance; or
a person who does not require permission under that Act to accept deposits, by way of business, in the United Kingdom.
Annotations
Marginal citations
- M1
- M2
2000 c. 8; Paragraph 5(b) of Schedule 3 was amended by S.I. 2006/3221; paragraph 5(d) of that Schedule was amended S.I. 2004/3379.
- M3
2000 c. 8; there are amendments to paragraphs 12 and 15 of Schedule 3 which are not relevant to these Regulations.