13.—(1) The Financial Services and Markets Act 2000 (EEA Passport Rights) Regulations 2001 M1 are amended as follows.
(2) In regulation 1(2) (interpretation) in sub-paragraph (b) of the definition of “health insurance risks” for “the first sub-paragraph of Article 54(2) of the third non-life insurance directive” substitute “ Article 206(2) of the Solvency 2 Directive ”.
(3) In paragraph (e) of regulation 2(5) (establishment of a branch: contents of consent notice)—
(a)omit from “has” to the end;
(b)after “firm” insert “ covers the Solvency Capital Requirement calculated in accordance with Article 100 of the Solvency 2 Directive and the minimum capital requirement calculated in accordance with Article 129 of that directive. ”.
(4) In paragraph (3) of regulation 3 (provision of services: contents of a regulator's notice)—
(i)in sub-paragraph (a) for “Article 6 of the first non-life insurance directive or Article 6 of the first life insurance directive” substitute “ Article 14 of the Solvency 2 Directive ”;
(ii)in sub-paragraph (e)—
(aa)omit from “has” to the end;
(bb)after “firm” insert “ covers the Solvency Capital Requirement calculated in accordance with Article 100 of the Solvency 2 Directive and the minimum capital requirement calculated in accordance with Article 129 of that directive. ”.
(5) In regulations 13(1), 15(1) and 16(1) for “any of the insurance directives” substitute “ the Solvency 2 Directive ”.
(6) In regulation 19(2)(a) for “Article 2.1a of the reinsurance directive” substitute “ Article 13(7) of the Solvency 2 Directive ”.
Marginal Citations
M1S.I. 2001/2511; relevant amending instruments are S.I. 2004/1862, 2007/3253 and 2013/642