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2.—(1) In section 425(1) of the Act (expressions relating to authorisation elsewhere in the single market)(1), in paragraph (a), after ““insurance directives”,”, insert ““insurance mediation directive”,”.
(2) In Schedule 3 to the Act (EEA passport rights)(2)—
(a)in paragraph 1 (the single market directives)—
(i)at the end of sub-paragraph (c), omit “and”; and
(ii)at the end of sub-paragraph (d), insert—
“; and
the insurance mediation directive.”;
(b)after paragraph 4, insert—
4A. “The insurance mediation directive” means the European Parliament and Council Directive of 9th December 2002 on insurance mediation (No. 2002/92/EC).”;
(c)in paragraph 5 (EEA firm)—
(i)for “head office”, substitute “relevant office”;
(ii)at the end of sub-paragraph (c), omit “or”; and
(iii)at the end of sub-paragraph (d), insert—
“; or
an insurance intermediary (as defined in Article 2.5 of the insurance mediation directive), or a reinsurance intermediary (as defined in Article 2.6) which is registered with its home state regulator under Article 3.”;
(d)after paragraph 5, insert—
“5A. In paragraph 5, “relevant office” means—
(a)in relation to a firm falling within sub-paragraph (e) of that paragraph which has a registered office, its registered office;
(b)in relation to any other firm, its head office.”;
(e)for paragraph 6 (EEA authorisation), substitute—
“6. “EEA authorisation” means—
(a)in relation to an EEA firm falling within paragraph 5(e), registration with its home state regulator under Article 3 of the insurance mediation directive;
(b)in relation to any other EEA firm, authorisation granted to an EEA firm by its home state regulator for the purpose of the relevant single market directive.”;
(f)in paragraph 7 (EEA right), for “head office”, substitute “relevant office”;
(g)after paragraph 7, insert—
“7A. In paragraph 7, “relevant office” means—
(a)in relation to a person who has a registered office and whose entitlement is subject to the conditions of the insurance mediation directive, his registered office;
(b)in relation to any other person, his head office.”;
(h)in paragraph 10 (UK firm), for “head office”, substitute “relevant office”; and
(i)after paragraph 10, insert—
“10A. In paragraph 10, “relevant office” means—
(a)in relation to a firm whose EEA right derives from the insurance mediation directive and which has a registered office, its registered office;
(b)in relation to any other firm, its head office.”.
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