C1Part II Regulation of Insurance Companies
Changes of director, controller or manager etc.
C263 Change of manager etc. of company from outside United Kingdom.
1
In relation to F2a non-EC company whose head office is in an EFTA State orF3a Swiss general insurance company,—
a
section 60 above shall have effect as if the references to a managing director or chief executive were references to a principal United Kingdom executive;
b
section 61 above shall not apply;
c
section 62 above shall have effect as if references to a director or manager were references to a principal United Kingdom executive, an employee within section 8(4)(c) above or an authorised United Kingdom representative.
2
In relation to any other insurance company whose head office is outside the United Kingdom—
a
section 60 above shall have effect as if the references to a chief executive included references to a principal United Kingdom executive; and
b
section 62 above shall have effect as if the references to a director included references to a principal United Kingdom executive and to an authorised United Kingdom representative.
3
In this section—
“principal United Kingdom executive” means an officer or employee within section 8(4)(b) or 9(6) above; and
“authorised United Kingdom representative” means a representative fulfilling the requirements of section 10 above or an individual representative of the kind described in subsection (5) of that section.
Pt. II (ss. 15-71) restricted (1.1.1993) by S.I. 1992/3218, reg65
Pt. II (ss. 15-71) extended (24.12.1996) by S.I. 1996/3011, reg. 3(1)(b), 10(1)