SCHEDULES

SCHEDULE 2F] RECOGNITION IN THE UNITED KINGDOM OF EC AND EFTA COMPANIES

PART IEC COMPANIES CARRYING ON BUSINESS ETC. IN THE UNITED KINGDOM

Requirements for providing insurance

9

(1)

An EC company shall not change the requisite details relating to the provision ofinsurance in the United Kingdom unless the requirements of this paragraph have been complied with in relation to its making of the change.

(2)

Subject to sub-paragraph (3) below, the requirements of this paragraph are—

(a)

that the company has given a notice to the supervisory authority in its home State stating the details of the proposed change; and

(b)

that that authority has passed to the F1Treasury the information contained in that notice.

(3)

In the case of a change occasioned by circumstances beyond the company’s control, the requirements of this paragraph are that the company shall, as soon as practicable, give a notice to the supervisory authority in its home State stating the details of the change.