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 IIIEFTA COMPANIES PROVIDING INSURANCE THROUGH ESTABLISHMENTS IN THE UNITED KINGDOM

Notification to Secretary of State

23

1

Where an EFTA company intends to provide insurance through an establishment in the United Kingdom, it shall before doing so notify the F3Treasury of its intention.

2

The notification shall indicate—

a

the EEA State in which the insurance is to be provided, and

b

the nature of the risks or commitments which the company proposes to cover.

3

Where the company intends to provide insurance in more than one EEA State, the information specified above may be contained in a single notification but must be set out separately in relation to each such State.

4

Where a company has duly notified the F3Treasury of its intention to provide insurancein an EEA State where administrative authorisation is required for the provision of insurance, then, if the original notification related—

a

only to risks or commitments in respect of which such authorisation is required, or

b

only to risks or commitments in respect of which such authorisation is not required,

Issue of certificates by Secretary of State

24

1

An EFTA company which intends to provide insurance through an establishment in the United Kingdom may apply to the F4Treasury for a certificate—

a

indicating the classes of insurance which the company is authorised to carry on in the United Kingdom, and

b

stating that the F4TreasuryF5do not object to the company providing the insurance.

2

If it appears to the F4Treasurythat a certificate applied for under sub-paragraph (1) above ought to be issued, F6they shall issue the certificate accordingly.

3

If the F4TreasuryF7refuse to issue a certificate, F8they shall inform the company in writing of F9their decision and of the reasons for it.