SCHEDULES

C2C1F1SCHEDULE ZA1Moratorium: Eligible companies

Annotations:
Amendments (Textual)
Modifications etc. (not altering text)

3Insurance companies

1

A company is excluded from being eligible if—

a

it carries on the regulated activity of effecting or carrying out contracts of insurance, and

b

it is not an exempt person in relation to that activity.

2

In this paragraph—

  • “exempt person”, in relation to a regulated activity, has the meaning given by section 417 of the Financial Services and Markets Act 2000;

  • “regulated activity” has the meaning given by section 22 of that Act, taken with Schedule 2 to that Act and any order under that section.