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Insurance Companies Act 1982 (repealed)

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Changes over time for: Paragraph 15

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Version Superseded: 01/12/2001

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Status:

Point in time view as at 01/07/1998. This version of this provision has been superseded. Help about Status

Changes to legislation:

Insurance Companies Act 1982 (repealed), Paragraph 15 is up to date with all changes known to be in force on or before 10 December 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations. Help about Changes to Legislation

15The [F2Treasury] may exercise [F3their] powers under section 45 above in relation to an EC company if the supervisory authority in the company’s home State—

(a)has informed the [F2Treasury] that the company’s authorisation has been withdrawn, or has lapsed, in accordance with Article 22 of the first general insurance Directive or Article 26 of the first long term Directive; and

(b)in accordance with that Article, has requested the [F2Treasury] to take measures in the United Kingdom to safeguard the interests of policy holders of the company.

Textual Amendments

F2Word in Sch. 2F para. 15 substituted (5.1.1998) by S.I. 1997/2781, art. 8, Sch. Pt. I para. 72 (with art. 7)

F3Word in Sch. 2F para. 15 substituted (5.1.1998) by S.I. 1997/2781, art. 8, Sch. Pt. I para. 80 (with art. 7)

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