Regulation 4 Amendment of the Overseas Life Insurance Companies Regulations 2004

(1)

Amend regulation 6 as follows.

(2)

In paragraph (6), in the paragraph 1AA treated as inserted in Schedule 8A to the Finance Act 1989^f1—

(a)

in sub-paragraph (2) after “EEA firm” insert “or a Treaty firm”; and

(b)

for sub-paragraph (3) substitute—

“(3)

In sub-paragraph (2)—

“EEA firm” means a firm of the kind mentioned in paragraph 5(d) of Schedule 3 to the Financial Services and Markets Act 2000; and

“Treaty firm” has the meaning given by paragraph 1 of Schedule 4 to that Act.”;

(3)

In paragraph (7)(b), in the sub-paragraph (1A) treated as inserted into paragraph 1B of that Schedule—

(a)

after “which is” insert “—(a)”; and

(b)

after “Financial Services and Markets Act 2000,” insert—

“or

(b)

a Treaty firm within the meaning of paragraph 1 of Schedule 4 to that Act,”.

(4)

In paragraph (10)(g), in the sub-paragraph (6A) treated as inserted into paragraph 2 of that Schedule—

(a)

after “Where the company is” insert “—(a)”; and

(b)

after “Financial Services and Markets Act 2000,” insert—

“or

(b)

a Treaty firm within the meaning of paragraph 1 of Schedule 4 to that Act,”.

Annotations

Footnotes

f1: Schedule 8A was inserted by Schedule 10 to the Finance Act 1993.