- Latest available (Revised)
- Original (As made)
This is the original version (as it was originally made). This item of legislation is currently only available in its original format.
3. In section 12(1)—
(a)in subsection (7B) for the definition of “insurance business transfer scheme” substitute—
““insurance business transfer scheme” means so much of the transfer of the whole or any part of the business of an EEA life insurance company as takes place in accordance with any authorisation granted outside the United Kingdom for the purposes of Article 14 of the Directive of the European Parliament and of the Council of 5th November 2002 concerning life assurance (No. 2002/83/EC)(2);”;
(b)in subsection (7C)—
(i)for “an actual periodical return” substitute “actual IAD accounts”;
(ii)for “periodical return” (where those words otherwise appear) substitute “IAD accounts”.
Subsection (7B) was inserted by Article 14 of S.I. 2001/3629 and sub-section (7C) by paragraph 20(3) of Schedule 9 to the Finance (No. 2) Act 2005 (c. 22).
O.J. 2002, L345/1.
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Explanatory Memorandum sets out a brief statement of the purpose of a Statutory Instrument and provides information about its policy objective and policy implications. They aim to make the Statutory Instrument accessible to readers who are not legally qualified and accompany any Statutory Instrument or Draft Statutory Instrument laid before Parliament from June 2004 onwards.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
Click 'View More' or select 'More Resources' tab for additional information including: