OpenLegislation

Paragraph 26 The Financial Services Act 1986

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

The following functions under Schedule 10 (regulated insurance companies)—

(a)

the function under sub-paragraph (2) of paragraph 3 (certification as to requirement in sub-paragraph (1));

(b)

the function under paragraph 4(6) of determining (before a delegation order is made transferring functions of making rules and regulations in relation to a regulated insurance company) whether the rules and regulations will take proper account of Part II of the Insurance Companies Act 1982 or, as the case may be, of the provisions for corresponding purposes in the law of the member State in which the company is established;

(c)

functions under paragraph 6 (procedure on exercise of powers of intervention);

(d)

functions under paragraph 10 (consultation with designated agency).