7. The terms of the undertaking referred to in regulation 12(1)(c)(ii) are that the overseas insurer undertakes–U.K.
(a)within three months after a relevant event occurs in connection with a policy or contract, to deliver to the policy holder a certificate containing the information referred to in paragraph 10; and
(b)within three months after the end of each [tax year] ... in which such a certificate is delivered, and in the circumstances described in paragraph 9, to supply to the [Board] a copy of that certificate;
where to the best of the overseas insurer’s information and belief the policy holder was resident in the United Kingdom immediately before the relevant event occurred.
Textual Amendments
Commencement Information