The Financial Services and Markets Act 2000 (Amendment of section 323) Regulations 2008

Statutory Instruments

2008 No. 1469

Financial Services And Markets

The Financial Services and Markets Act 2000 (Amendment of section 323) Regulations 2008

Made

9th June 2008

Laid before Parliament

9th June 2008

Coming into force

30th June 2008

The Treasury are a government department designated(1) for the purposes of section 2(2) of the European Communities Act 1972(2) in relation to transfers of insurance contracts other than contracts of life assurance from one insurance undertaking to another and matters relating to the transfer of contracts of life assurance from one insurance undertaking to another and to anything supplemental or incidental to those matters.

In exercise of the powers conferred on them by section 2(2) of the European Communities Act 1972, the Treasury make the following Regulations:

(1)

S.I. 1997/2781.

(2)

1972 c. 68. The enabling powers of section 2(2) of this Act were extended by virtue of the amendment of section 1(2) by section 1 of the European Economic Area Act 1993 (c.51). Council Directive 73/239/EEC applies in the EEA by virtue of the Annex IX of the EEA Agreement signed at Oporto on 2^nd May 1992 together with the Protocol adjusting that Agreement signed at Brussels on 17^th March 1993. Directive 2002/83 of the European Parliament and the Council applies in the EEA by virtue of the EEA Joint Committee Decision No 60/2004 of 26th August 2004 (O.J. L.277, 26.8.2004, p.172).