SCHEDULES

C1F2SCHEDULE 2F] RECOGNITION IN THE UNITED KINGDOM OF EC AND EFTA COMPANIES

Annotations:
Amendments (Textual)
F2

Sch. 2F inserted (1.7.1994) by S.I. 1994/1696, reg. 45(2), Sch. 6

Modifications etc. (not altering text)
C1

Sch. 2F: Power to contract out certain functions conferred (18.11.1998) by S.I. 1998/2842, arts. 2, 3, Sch. Pt. I para. 60

PART IIEFTA COMPANIES PROVIDING INSURANCE IN UNITED KINGDOM

Withdrawal of authorisation

22

1

Where an EFTA company is providing insurance in the United Kingdom and the F3TreasuryF4arenotified by the supervisory authority in the EEA State in which the establishment through which the insurance is provided, or the company’s head office, is situated that the authorisation of the company has been withdrawn in accordance with—

a

Article 22 of the first general insurance Directive, or

b

Article 26 of the first long term insurance Directive,

F5they may direct the company to cease to provide insurance, or insurance of any specified description, in the United Kingdom through all, or any specified, establishments.

2

After giving such a direction, the F3Treasury shall by notice in writing inform thecompany of F6their reasons for doing so.

3

A direction under this paragraph does not prevent the company from effecting a contract ofinsurance in pursuance of a term of a subsisting contract of insurance.