No versions valid at: 01/04/2002
Point in time view as at 01/04/2002. This version of this cross heading contains provisions that are not valid for this point in time.
Financial Services and Markets Act 2000, Cross Heading: Certificates as to legality and as to consent is up to date with all changes known to be in force on or before 11 March 2025. 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.
Valid from 10/12/2007
Textual Amendments
F1Sch. 12 para. 5A and cross-heading inserted (10.12.2007) by The Reinsurance Directive Regulations 2007 (S.I. 2007/3253), reg. 2(1), Sch. 1 para. 2(5)(f)
5A(1)The certificates under this paragraph are to be given—U.K.
(a)in the case of the certificate under sub-paragraph (2), by the Authority;
(b)in the case of the certificate under sub-paragraph (3), by the relevant authority.
(2)A certificate given under this sub-paragraph is one certifying that the relevant authority has been notified of the proposed scheme and that—
(a)the relevant authority has consented to the proposed scheme; or
(b)the period of three months beginning with the notification has elapsed and that relevant authority has not refused its consent.
(3)A certificate given under this sub-paragraph is one certifying that the law of the EEA State in which the transferee is set up permits such a transfer.
(4)“Relevant authority” means the competent authorities (within the meaning of the insurance directives) of the EEA State in which the transferee is set up.]
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