PART VIIIPARTLY COMPLETED EXERCISE OF EEA RIGHTS

CHAPTER 1EEA FIRMS

EEA firms seeking to provide services97.

(1)

This article applies in relation to an EEA firm which at commencement—

(a)

is seeking to provide services as mentioned in paragraph 12(2) of Schedule 3; and

(b)

has not satisfied the service conditions in paragraph 14 of Schedule 3.

(2)

If before commencement a notice in accordance with paragraph 2 of Schedule 3 to the ISD Regulations was given by the firm for the purposes of paragraph 1(1)(a) of that Schedule, the notice is to be treated as the notice of intention required by paragraph 14(1)(a) of Schedule 3.

(3)

If before commencement a notice and certificate as mentioned in paragraph 8(2)(a) of Schedule 2F to the Insurance Companies Act were received as respects the firm, the notice and certificate are to be treated as the regulator’s notice required by paragraph 14(1)(b) of Schedule 3.