SCHEDULES
C5F51SCHEDULE 2F] RECOGNITION IN THE UNITED KINGDOM OF EC AND EFTA COMPANIES
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 IV SUPPLEMENTAL
Offences
25
1
An EC company commits an offence if—
a
it carries on insurance business in the United Kingdom in contravention of paragraph 1 or 4 above;
b
in contravention of paragraph 2 or 5 above, it changes the requisite details of a branch established by it in the United Kingdom;
c
it provides insurance in the United Kingdom in contravention of paragraph 8 or 11 above;
d
in contravention of paragraph 9 above, it changes the requisite details relating to the provision of insurance in the United Kingdom; or
e
it makes default in complying with, or with a requirement imposed under, any other provision of Part I of this Schedule.
2
An EFTA company commits an offence if—
a
it provides insurance in the United Kingdom in contravention of paragraph 18 or 19 above; or
b
it makes default in complying with, or with a requirement imposed under, any other provision of Part II or III of this Schedule.
3
A person commits an offence if—
a
in purported compliance with a requirement under paragraph 13, 14 or 21 above, he furnishes information which he knows to be false in a material particular or recklessly furnishes information which is false in a material particular; or
b
he causes or permits to be included in a document required by paragraph 1, 2, 4, 8, 9 or 18 above to be sent to the Secretary of State a statement which he knows to be false in a material particular or recklessly causes or permits to be so included a statement which is false in a material particular.
4
A person committing an offence under this paragraph is liable on summary conviction to a fine not exceeding level 5 on the standard scale.
Sch. 2F inserted (1.7.1994) by S.I. 1994/1696, reg. 45(2), Sch. 6