Prospective
8. In Commission Delegated Decision (EU) 2016/310 of 26 November 2015 on the equivalence of the solvency regime for insurance and reinsurance undertakings in force in Japan to the regime laid down in Directive 2009/138/EC of the European Parliament and of the Council—U.K.
(a)in Articles 1 and 2, after “laid down in”, each time it occurs, insert “ United Kingdom enactments and rules which implemented ”;
(b)after Article 2, insert—
“Article 2AU.K.
In this decision, references to the United Kingdom enactments and rules which implemented provisions in Directive 2009/138/EC are to the law of the United Kingdom or any part of the United Kingdom which was relied on immediately before [F1IP completion day] to implement Directive 2009/138/EC and its implementing measures. F2...
F2(a). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F2(b). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .”
Textual Amendments
F1Words in Sch. 2 para. 8(b) substituted (30.12.2020) by The Financial Services and Economic and Monetary Policy (Consequential Amendments) (EU Exit) Regulations 2020 (S.I. 2020/1301), regs. 1, 3, Sch. para. 29(f)
F2Words in Sch. 2 para. 8(b) omitted (31.12.2020 immediately before IP completion day) by virtue of The Financial Services (Electronic Money, Payment Services and Miscellaneous Amendments) (EU Exit) Regulations 2019 (S.I. 2019/1212), regs. 1(3), 19(3); 2020 c. 1, Sch. 5 para. 1(1)
Commencement Information
I1Sch. 2 para. 8 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(2)