Section 96 has been amended by S.I. 1990/1333, reg 8(3) and S.I. 1993/174, reg 2(1)(c); and there are other amendments not relevant to these Regulations.

O.J. L151, 7.6.78, page 25.

O.J. L1, 3.1.94, page 3.

O.J. L1, 3.1.94, page 572.

1985 c. 6: section 258 was inserted by the Companies Act 1989 (c. 40), section 21.

S.I. 1986/1032 (N.I.6); Article 266 was inserted by the Companies (Northern Ireland) Order 1990 (S.I. 1990/593 (N.I.5)), Article 23.

http://www.legislation.gov.uk/uksi/1994/1696/regulation/50/madeThe Insurance Companies (Third Insurance Directives) Regulations 1994DirectorsKing's Printer of Acts of Parliament2019-11-27INSURANCEThese Regulations, which come into force on 1st July 1994, make amendments to the Insurance Companies Act 1982 (“the 1982 Act”) and the Financial Services Act 1986 (“the 1986 Act”).PART IIAMENDMENTS OF 1982 ACTCHAPTER VISUPPLEMENTARY PROVISIONS50General interpretation1

In subsection (1) of section 96 of the 1982 Act (general interpretation)—

a

after the definition of “annuities on human life” insert—

‘associate’ shall be construed in accordance with section 96C below;

;

b

in the definition of “chief executive”, for the words “section 7 above” substitute the words “section 96D below”;

c

for the definition of “claims representative” substitute—

‘claims representative’ has the meaning given in section 96F below;

;

d

in the definition of “controller”, for the words “section 7 above” substitute the words “section 96C below”;

e

after that definition insert the following definitions—

‘Community co-insurance operation’ and, in relation to such an operation, ‘leading insurer’ have the same meanings as in Council Directive 78/473/EEC of 30th May 1978 on the co-ordination of laws, regulations and administrative provisions relating to Community co-insurance;

;

f

after the definition of “court” insert—

‘criteria of sound and prudent management’ means the criteria set out in Schedule 2A to this Act;

;

g

after the definition of “director” insert—

‘EC company’ has the meaning given in section 2 above;

‘EEA Agreement’ means the Agreement on the European Economic Area signed at Oporto on 2nd May 1992 as adjusted by the Protocol signed at Brussels on 17th March 1993;

‘EEA State’ means a State which is a Contracting Party to the EEA Agreement but, until the EEA Agreement comes into force in relation to Liechtenstein, does not include the State of Liechtenstein;

‘EFTA company’ has the meaning given by section 72B above;

‘EFTA State’ means an EEA State which is not a member State;

;

h

after the definition of “holding company”insert—

‘home State’, in relation to an EC company, means the member State in which the company’s head office is situated;

;

i

in the definition of “main agent”, for the words “section 7 above” substitute the words “section 96E below”;

j

in the definition of “manager”, for the words “section 7 above” substitute the words “section 96D below”;

k

for the definition of “member State of the commitment” substitute—

‘non-EC company’ has the meaning given in section 5 above;

‘notifiable holding’ means voting rights or shares which, if acquired by any person, will result in his becoming a 10 per cent.shareholder controller, a 20 per cent.shareholder controller, a 33 per cent.shareholder controller, a 50 per cent.shareholder controller or a majority shareholder controller;

;

l

after the definition of “registrar of companies” insert—

‘relevant motor vehicle risks’ means risks falling within class 10 of Schedule 2 to this Act (motor vehicle liability), but excluding carrier’s liability;

‘shareholder controller’, ‘10 per cent.shareholder controller’, ‘20 per cent.shareholder controller’, ‘33 per cent.shareholder controller’, ‘50 per cent.shareholder controller’ and ‘majority shareholder controller’ have the meanings given by section 96C below;

‘State of the commitment’, in relation to a commitment entered into at any date, means—

a

where the policy holder is an individual, the State in which he had his habitual residence at that date;

b

where the policy holder is not an individual, the State in which the establishment of the policy holder to which the commitment relates was situated at that date,

and ‘member State of the commitment’ shall be construed accordingly;

;

m

after the definition of “subsidiary” insert—

‘subsidiary undertaking’ shall be construed in accordance with section 258 of the Companies Act and Article 266 of the Companies (Northern Ireland) Order 1986;

; and

n

after the definition of “Swiss general insurance company” insert—

‘UK company’ has the meaning given in section 5 above;

.

2

After subsection (4) of that section insert—

5

Except as otherwise provided by paragraph 27 of Schedule 2F to this Act, this Act shall apply as if Gibraltar were a member State.

This XML file does not appear to have any style information associated with it. The document tree is shown below.
<akomaNtoso xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xsi:schemaLocation="http://docs.oasis-open.org/legaldocml/ns/akn/3.0 http://docs.oasis-open.org/legaldocml/akn-core/v1.0/cos01/part2-specs/schemas/akomantoso30.xsd">
<portion includedIn="http://www.legislation.gov.uk/id/uksi/1994/1696">
<meta>
<identification source="#source">
<FRBRWork>
<FRBRthis value="http://www.legislation.gov.uk/id/uksi/1994/1696"/>
<FRBRuri value="http://www.legislation.gov.uk/id/uksi/1994/1696"/>
<FRBRdate date="1994-06-27" name="made"/>
<FRBRauthor href="http://www.legislation.gov.uk/id/government/uk"/>
<FRBRcountry value="GB-UKM"/>
<FRBRsubtype value="regulation"/>
<FRBRnumber value="1696"/>
<FRBRname value="S.I. 1994/1696"/>
<FRBRprescriptive value="true"/>
</FRBRWork>
<FRBRExpression>
<FRBRthis value="http://www.legislation.gov.uk/uksi/1994/1696/regulation/50/made"/>
<FRBRuri value="http://www.legislation.gov.uk/uksi/1994/1696/made"/>
<FRBRdate date="1994-06-27" name="made"/>
<FRBRauthor href="#source"/>
<FRBRlanguage language="eng"/>
</FRBRExpression>
<FRBRManifestation>
<FRBRthis value="http://www.legislation.gov.uk/uksi/1994/1696/regulation/50/made/data.akn"/>
<FRBRuri value="http://www.legislation.gov.uk/uksi/1994/1696/made/data.akn"/>
<FRBRdate date="2024-11-19Z" name="transform"/>
<FRBRauthor href="http://www.legislation.gov.uk"/>
<FRBRformat value="application/akn+xml"/>
</FRBRManifestation>
</identification>
<classification source="#source">
<keyword value="directors" showAs="Directors" dictionary="http://www.legislation.gov.uk"/>
<keyword value="insurance" showAs="INSURANCE" dictionary="http://www.legislation.gov.uk"/>
</classification>
<lifecycle source="#source">
<eventRef date="1994-06-27" type="generation" eId="made-date" source="#source"/>
<eventRef date="1994-07-01" eId="coming-into-force-date-1" source="#source"/>
</lifecycle>
<references source="#source">
<TLCOrganization eId="source" href="http://www.legislation.gov.uk/id/publisher/KingsOrQueensPrinterOfActsOfParliament" showAs="King's Printer of Acts of Parliament"/>
<passiveRef href="http://www.legislation.gov.uk/id/uksi/1994/3132" showAs="The Insurance Companies (Amendment) Regulations 1994"/>
<passiveRef href="http://www.legislation.gov.uk/id/uksi/2001/3649" showAs="The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001"/>
</references>
<notes source="#source">
<note class="footnote" eId="f00030">
<p>
Section 96 has been amended by
<ref href="http://www.legislation.gov.uk/id/uksi/1990/1333">S.I. 1990/1333</ref>
, reg 8(3) and
<ref href="http://www.legislation.gov.uk/id/uksi/1993/174">S.I. 1993/174</ref>
, reg 2(1)(c); and there are other amendments not relevant to these Regulations.
</p>
</note>
<note class="footnote" eId="f00031">
<p>O.J. L151, 7.6.78, page 25.</p>
</note>
<note class="footnote" eId="f00032">
<p>O.J. L1, 3.1.94, page 3.</p>
</note>
<note class="footnote" eId="f00033">
<p>O.J. L1, 3.1.94, page 572.</p>
</note>
<note class="footnote" eId="f00034">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/1985/6">1985 c. 6</ref>
: section 258 was inserted by the Companies Act
<ref href="http://www.legislation.gov.uk/id/ukpga/1989/40">1989 (c. 40)</ref>
, section 21.
</p>
</note>
<note class="footnote" eId="f00035">
<p>
<ref href="http://www.legislation.gov.uk/id/nisi/1986/1032">S.I. 1986/1032 (N.I.6)</ref>
; Article 266 was inserted by the Companies (Northern Ireland) Order 1990 (
<ref href="http://www.legislation.gov.uk/id/nisi/1990/593">S.I. 1990/593 (N.I.5)</ref>
), Article 23.
</p>
</note>
</notes>
<proprietary xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:ukm="http://www.legislation.gov.uk/namespaces/metadata" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:dct="http://purl.org/dc/terms/" xmlns:atom="http://www.w3.org/2005/Atom" source="#source">
<dc:identifier>http://www.legislation.gov.uk/uksi/1994/1696/regulation/50/made</dc:identifier>
<dc:title>The Insurance Companies (Third Insurance Directives) Regulations 1994</dc:title>
<dc:subject>Directors</dc:subject>
<dc:publisher>King's Printer of Acts of Parliament</dc:publisher>
<dc:modified>2019-11-27</dc:modified>
<dc:subject scheme="SIheading">INSURANCE</dc:subject>
<dc:description>These Regulations, which come into force on 1st July 1994, make amendments to the Insurance Companies Act 1982 (“the 1982 Act”) and the Financial Services Act 1986 (“the 1986 Act”).</dc:description>
<atom:link rel="self" href="http://www.legislation.gov.uk/uksi/1994/1696/regulation/50/made/data.xml" type="application/xml"/>
<atom:link rel="http://www.legislation.gov.uk/def/navigation/resources" href="http://www.legislation.gov.uk/uksi/1994/1696/resources" title="More Resources"/>
<atom:link rel="http://www.legislation.gov.uk/def/navigation/act" href="http://www.legislation.gov.uk/uksi/1994/1696/made" title="whole act"/>
<atom:link rel="http://www.legislation.gov.uk/def/navigation/introduction" href="http://www.legislation.gov.uk/uksi/1994/1696/introduction/made" title="introduction"/>
<atom:link rel="http://www.legislation.gov.uk/def/navigation/signature" href="http://www.legislation.gov.uk/uksi/1994/1696/signature/made" title="signature"/>
<atom:link rel="http://www.legislation.gov.uk/def/navigation/note" href="http://www.legislation.gov.uk/uksi/1994/1696/note/made" title="note"/>
<atom:link rel="http://www.legislation.gov.uk/def/navigation/body" href="http://www.legislation.gov.uk/uksi/1994/1696/body/made" title="body"/>
<atom:link rel="http://www.legislation.gov.uk/def/navigation/schedules" href="http://www.legislation.gov.uk/uksi/1994/1696/schedules/made" title="schedules"/>
<atom:link rel="alternate" type="application/rdf+xml" href="http://www.legislation.gov.uk/uksi/1994/1696/regulation/50/made/data.rdf" title="RDF/XML"/>
<atom:link rel="alternate" type="application/akn+xml" href="http://www.legislation.gov.uk/uksi/1994/1696/regulation/50/made/data.akn" title="AKN"/>
<atom:link rel="alternate" type="application/xhtml+xml" href="http://www.legislation.gov.uk/uksi/1994/1696/regulation/50/made/data.xht" title="HTML snippet"/>
<atom:link rel="alternate" type="text/html" href="http://www.legislation.gov.uk/uksi/1994/1696/regulation/50/made/data.htm" title="Website (XHTML) Default View"/>
<atom:link rel="alternate" type="text/csv" href="http://www.legislation.gov.uk/uksi/1994/1696/regulation/50/made/data.csv" title="CSV"/>
<atom:link rel="alternate" type="application/pdf" href="http://www.legislation.gov.uk/uksi/1994/1696/regulation/50/made/data.pdf" title="PDF"/>
<atom:link rel="alternate" type="application/akn+xhtml" href="http://www.legislation.gov.uk/uksi/1994/1696/regulation/50/made/data.html" title="HTML5 snippet"/>
<atom:link rel="http://purl.org/dc/terms/tableOfContents" hreflang="en" href="http://www.legislation.gov.uk/uksi/1994/1696/contents/made" title="Table of Contents"/>
<atom:link rel="up" href="http://www.legislation.gov.uk/uksi/1994/1696/made" title="Entire legislation"/>
<atom:link rel="prev" href="http://www.legislation.gov.uk/uksi/1994/1696/regulation/49/made" title="Provision; Regulation 49"/>
<atom:link rel="prevInForce" href="http://www.legislation.gov.uk/uksi/1994/1696/regulation/49/made" title="Provision; Regulation 49"/>
<atom:link rel="next" href="http://www.legislation.gov.uk/uksi/1994/1696/regulation/51/made" title="Provision; Regulation 51"/>
<atom:link rel="nextInForce" href="http://www.legislation.gov.uk/uksi/1994/1696/regulation/51/made" title="Provision; Regulation 51"/>
<ukm:SecondaryMetadata>
<ukm:DocumentClassification>
<ukm:DocumentCategory Value="secondary"/>
<ukm:DocumentMainType Value="UnitedKingdomStatutoryInstrument"/>
<ukm:DocumentStatus Value="final"/>
<ukm:DocumentMinorType Value="regulation"/>
</ukm:DocumentClassification>
<ukm:Year Value="1994"/>
<ukm:Number Value="1696"/>
<ukm:Made Date="1994-06-27"/>
<ukm:ComingIntoForce>
<ukm:DateTime Date="1994-07-01"/>
</ukm:ComingIntoForce>
<ukm:ISBN Value="0110446968"/>
<ukm:UnappliedEffects>
<ukm:UnappliedEffect AffectedProvisions="reg.69(3)" Modified="2019-07-11T00:00:00" Comments="reg 69(3) added" AffectedYear="1994" AffectedURI="http://www.legislation.gov.uk/id/uksi/1994/1696" URI="http://www.legislation.gov.uk/id/effect/key-5edb84e60b71895f121ddc11ca13d568" RequiresApplied="true" AffectingNumber="3132" Created="2019-07-11T00:00:00" AffectedClass="UnitedKingdomStatutoryInstrument" Row="2292" AffectedNumber="1696" EffectId="key-5edb84e60b71895f121ddc11ca13d568" AffectingProvisions="reg.12(1)" Type="added" AffectingYear="1994" AffectingURI="http://www.legislation.gov.uk/id/uksi/1994/3132" AffectingClass="UnitedKingdomStatutoryInstrument">
<ukm:AffectedTitle>The Insurance Companies (Third Insurance Directives) Regulations 1994</ukm:AffectedTitle>
<ukm:AffectedProvisions>
<ukm:Section Ref="regulation-69-3" URI="http://www.legislation.gov.uk/id/uksi/1994/1696/regulation/69/3" FoundRef="regulation-69">reg.69(3)</ukm:Section>
</ukm:AffectedProvisions>
<ukm:AffectingTitle>The Insurance Companies (Amendment) Regulations 1994</ukm:AffectingTitle>
<ukm:AffectingProvisions>
<ukm:Section Ref="regulation-12-1" URI="http://www.legislation.gov.uk/id/uksi/1994/3132/regulation/12/1">reg.12(1)</ukm:Section>
</ukm:AffectingProvisions>
<ukm:InForceDates>
<ukm:InForce Applied="false" Prospective="true" Qualification=""/>
</ukm:InForceDates>
</ukm:UnappliedEffect>
<ukm:UnappliedEffect AffectedClass="UnitedKingdomStatutoryInstrument" Comments="reg 70(3) added" AffectedURI="http://www.legislation.gov.uk/id/uksi/1994/1696" Modified="2019-07-11T00:00:00" EffectId="key-b0219743868be0b79095b78ed6a2ca49" AffectedNumber="1696" RequiresApplied="true" AffectingYear="1994" AffectingClass="UnitedKingdomStatutoryInstrument" Type="added" AffectingProvisions="reg.12(2)" AffectedYear="1994" Created="2019-07-11T00:00:00" URI="http://www.legislation.gov.uk/id/effect/key-b0219743868be0b79095b78ed6a2ca49" AffectingURI="http://www.legislation.gov.uk/id/uksi/1994/3132" AffectedProvisions="reg.70(3)" Row="2293" AffectingNumber="3132">
<ukm:AffectedTitle>The Insurance Companies (Third Insurance Directives) Regulations 1994</ukm:AffectedTitle>
<ukm:AffectedProvisions>
<ukm:Section Ref="regulation-70-3" URI="http://www.legislation.gov.uk/id/uksi/1994/1696/regulation/70/3" FoundRef="regulation-70">reg.70(3)</ukm:Section>
</ukm:AffectedProvisions>
<ukm:AffectingTitle>The Insurance Companies (Amendment) Regulations 1994</ukm:AffectingTitle>
<ukm:AffectingProvisions>
<ukm:Section Ref="regulation-12-2" URI="http://www.legislation.gov.uk/id/uksi/1994/3132/regulation/12/2">reg.12(2)</ukm:Section>
</ukm:AffectingProvisions>
<ukm:InForceDates>
<ukm:InForce Applied="false" Prospective="true" Qualification=""/>
</ukm:InForceDates>
</ukm:UnappliedEffect>
<ukm:UnappliedEffect AffectedNumber="1696" Modified="2013-07-08T11:11:32.34+01:00" AffectingURI="http://www.legislation.gov.uk/id/uksi/2001/3649" AffectingYear="2001" AffectingClass="UnitedKingdomStatutoryInstrument" Type="revoked" URI="http://www.legislation.gov.uk/id/effect/upload-026dcdc1-442" AffectedURI="http://www.legislation.gov.uk/id/uksi/1994/1696" Created="2013-07-08T11:11:32.34+01:00" EffectId="key-fee410c7a68b7aa3e8ba2a60226b029a" AffectedProvisions="Regulations" AffectingNumber="3649" AffectedClass="UnitedKingdomStatutoryInstrument" RequiresApplied="true" AffectingEffectsExtent="E+W+S+N.I." AffectingProvisions="art. 3(2)(b)" AffectedYear="1994">
<ukm:AffectedTitle>The Insurance Companies (Third Insurance Directives) Regulations 1994</ukm:AffectedTitle>
<ukm:AffectedProvisions>Regulations</ukm:AffectedProvisions>
<ukm:AffectingTitle>The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001</ukm:AffectingTitle>
<ukm:AffectingProvisions>
<ukm:Section Ref="article-3-2-b" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/3/2/b">art. 3(2)(b)</ukm:Section>
</ukm:AffectingProvisions>
<ukm:CommencementAuthority>
<ukm:Section Ref="article-1" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/1">art. 1</ukm:Section>
</ukm:CommencementAuthority>
<ukm:InForceDates>
<ukm:InForce Date="2001-12-01" Qualification="wholly in force" Applied="false"/>
</ukm:InForceDates>
</ukm:UnappliedEffect>
</ukm:UnappliedEffects>
</ukm:SecondaryMetadata>
<ukm:Statistics>
<ukm:TotalParagraphs Value="229"/>
<ukm:BodyParagraphs Value="90"/>
<ukm:ScheduleParagraphs Value="139"/>
<ukm:AttachmentParagraphs Value="0"/>
<ukm:TotalImages Value="0"/>
</ukm:Statistics>
</proprietary>
</meta>
<portionBody>
<part eId="part-II">
<num>PART II</num>
<heading>AMENDMENTS OF 1982 ACT</heading>
<chapter eId="part-II-chapter-VI">
<num>CHAPTER VI</num>
<heading>
<em>SUPPLEMENTARY PROVISIONS</em>
</heading>
<hcontainer name="regulation" eId="regulation-50">
<num>50</num>
<heading>General interpretation</heading>
<paragraph eId="regulation-50-1">
<num>1</num>
<intro>
<p>
In subsection (1) of section 96 of the 1982 Act
<noteRef href="#f00030" class="footnote" marker="30"/>
(general interpretation)—
</p>
</intro>
<subparagraph eId="regulation-50-1-a">
<num>a</num>
<content>
<p>after the definition of “annuities on human life” insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<blockList class="unordered">
<item>
<p>‘associate’ shall be construed in accordance with section 96C below;</p>
</item>
</blockList>
</quotedStructure>
</mod>
<inline name="AppendText">;</inline>
</p>
</content>
</subparagraph>
<subparagraph eId="regulation-50-1-b">
<num>b</num>
<content>
<p>in the definition of “chief executive”, for the words “section 7 above” substitute the words “section 96D below”;</p>
</content>
</subparagraph>
<subparagraph eId="regulation-50-1-c">
<num>c</num>
<content>
<p>for the definition of “claims representative” substitute—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<blockList class="unordered">
<item>
<p>‘claims representative’ has the meaning given in section 96F below;</p>
</item>
</blockList>
</quotedStructure>
</mod>
<inline name="AppendText">;</inline>
</p>
</content>
</subparagraph>
<subparagraph eId="regulation-50-1-d">
<num>d</num>
<content>
<p>in the definition of “controller”, for the words “section 7 above” substitute the words “section 96C below”;</p>
</content>
</subparagraph>
<subparagraph eId="regulation-50-1-e">
<num>e</num>
<content>
<p>after that definition insert the following definitions—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<blockList class="unordered">
<item>
<p>
‘Community co-insurance operation’ and, in relation to such an operation, ‘leading insurer’ have the same meanings as in Council Directive
<ref href="http://www.legislation.gov.uk/european/directive/1978/0473">78/473/EEC</ref>
of 30th May 1978
<noteRef href="#f00031" class="footnote" marker="31"/>
on the co-ordination of laws, regulations and administrative provisions relating to Community co-insurance;
</p>
</item>
</blockList>
</quotedStructure>
</mod>
<inline name="AppendText">;</inline>
</p>
</content>
</subparagraph>
<subparagraph eId="regulation-50-1-f">
<num>f</num>
<content>
<p>after the definition of “court” insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<blockList class="unordered">
<item>
<p>‘criteria of sound and prudent management’ means the criteria set out in Schedule 2A to this Act;</p>
</item>
</blockList>
</quotedStructure>
</mod>
<inline name="AppendText">;</inline>
</p>
</content>
</subparagraph>
<subparagraph eId="regulation-50-1-g">
<num>g</num>
<content>
<p>after the definition of “director” insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<blockList class="unordered">
<item>
<p>‘EC company’ has the meaning given in section 2 above;</p>
</item>
<item>
<p>
‘EEA Agreement’ means the Agreement on the European Economic Area signed at Oporto on 2nd May 1992
<noteRef href="#f00032" class="footnote" marker="32"/>
as adjusted by the Protocol signed at Brussels on 17th March 1993
<noteRef href="#f00033" class="footnote" marker="33"/>
;
</p>
</item>
<item>
<p>‘EEA State’ means a State which is a Contracting Party to the EEA Agreement but, until the EEA Agreement comes into force in relation to Liechtenstein, does not include the State of Liechtenstein;</p>
</item>
<item>
<p>‘EFTA company’ has the meaning given by section 72B above;</p>
</item>
<item>
<p>‘EFTA State’ means an EEA State which is not a member State;</p>
</item>
</blockList>
</quotedStructure>
</mod>
<inline name="AppendText">;</inline>
</p>
</content>
</subparagraph>
<subparagraph eId="regulation-50-1-h">
<num>h</num>
<content>
<p>after the definition of “holding company”insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<blockList class="unordered">
<item>
<p>‘home State’, in relation to an EC company, means the member State in which the company’s head office is situated;</p>
</item>
</blockList>
</quotedStructure>
</mod>
<inline name="AppendText">;</inline>
</p>
</content>
</subparagraph>
<subparagraph eId="regulation-50-1-i">
<num>i</num>
<content>
<p>in the definition of “main agent”, for the words “section 7 above” substitute the words “section 96E below”;</p>
</content>
</subparagraph>
<subparagraph eId="regulation-50-1-j">
<num>j</num>
<content>
<p>in the definition of “manager”, for the words “section 7 above” substitute the words “section 96D below”;</p>
</content>
</subparagraph>
<subparagraph eId="regulation-50-1-k">
<num>k</num>
<content>
<p>for the definition of “member State of the commitment” substitute—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<blockList class="unordered">
<item>
<p>‘non-EC company’ has the meaning given in section 5 above;</p>
</item>
<item>
<p>‘notifiable holding’ means voting rights or shares which, if acquired by any person, will result in his becoming a 10 per cent.shareholder controller, a 20 per cent.shareholder controller, a 33 per cent.shareholder controller, a 50 per cent.shareholder controller or a majority shareholder controller;</p>
</item>
</blockList>
</quotedStructure>
</mod>
<inline name="AppendText">;</inline>
</p>
</content>
</subparagraph>
<subparagraph eId="regulation-50-1-l">
<num>l</num>
<content>
<p>after the definition of “registrar of companies” insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<blockList class="unordered">
<item>
<p>‘relevant motor vehicle risks’ means risks falling within class 10 of Schedule 2 to this Act (motor vehicle liability), but excluding carrier’s liability;</p>
</item>
<item>
<p>‘shareholder controller’, ‘10 per cent.shareholder controller’, ‘20 per cent.shareholder controller’, ‘33 per cent.shareholder controller’, ‘50 per cent.shareholder controller’ and ‘majority shareholder controller’ have the meanings given by section 96C below;</p>
</item>
<item>
<p>‘State of the commitment’, in relation to a commitment entered into at any date, means—</p>
<blockList class="ordered">
<item>
<num>a</num>
<p>where the policy holder is an individual, the State in which he had his habitual residence at that date;</p>
</item>
<item>
<num>b</num>
<p>where the policy holder is not an individual, the State in which the establishment of the policy holder to which the commitment relates was situated at that date,</p>
</item>
</blockList>
<p>and ‘member State of the commitment’ shall be construed accordingly;</p>
</item>
</blockList>
</quotedStructure>
</mod>
<inline name="AppendText">;</inline>
</p>
</content>
</subparagraph>
<subparagraph eId="regulation-50-1-m">
<num>m</num>
<content>
<p>after the definition of “subsidiary” insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<blockList class="unordered">
<item>
<p>
‘subsidiary undertaking’ shall be construed in accordance with section 258 of the Companies Act
<noteRef href="#f00034" class="footnote" marker="34"/>
and Article 266 of the Companies (Northern Ireland) Order 1986
<noteRef href="#f00035" class="footnote" marker="35"/>
;
</p>
</item>
</blockList>
</quotedStructure>
</mod>
<inline name="AppendText">; and</inline>
</p>
</content>
</subparagraph>
<subparagraph eId="regulation-50-1-n">
<num>n</num>
<content>
<p>after the definition of “Swiss general insurance company” insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<blockList class="unordered">
<item>
<p>‘UK company’ has the meaning given in section 5 above;</p>
</item>
</blockList>
</quotedStructure>
</mod>
<inline name="AppendText">.</inline>
</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="regulation-50-2">
<num>2</num>
<content>
<p>After subsection (4) of that section insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<paragraph eId="d4e352">
<num>5</num>
<content>
<p>Except as otherwise provided by paragraph 27 of Schedule 2F to this Act, this Act shall apply as if Gibraltar were a member State.</p>
</content>
</paragraph>
</quotedStructure>
</mod>
</p>
</content>
</paragraph>
</hcontainer>
</chapter>
</part>
</portionBody>
</portion>
</akomaNtoso>