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The Insurers (Reorganisation and Winding Up) Regulations 2004

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Notification of relevant decision to EEA regulators

10.—(1) Where the Authority is informed of a decision, order or appointment in accordance with regulation 9, the Authority must as soon as is practicable inform the EEA regulators in every EEA State—

(a)that the decision, order or appointment has been made; and

(b)in general terms, of the possible effect of a decision, order or appointment of that kind on—

(i)the business of an insurer, and

(ii)the rights of policyholders under contracts of insurance effected and carried out by an insurer.

(2) Where the Authority has been represented at all hearings in connection with the application in relation to which the decision, order or appointment has been made, the Authority must inform the EEA regulators in every EEA State of the matters mentioned in paragraph (1) as soon as is practicable after that decision, order or appointment has been made.

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