Prospective
6. In Commission Delegated Decision (EU) 2015/1602 of 5 June 2015 on the equivalence of the solvency and prudential regime for insurance and reinsurance undertakings in force in Switzerland based on Articles 172(2), 227(4) and 260(3) of Directive 2009/138/EC of the European Parliament and of the Council—U.K.
(a)in Articles 1, 2 and 3, after “requirements of”, each time it occurs, insert “ United Kingdom enactments and rules which implemented ”;
(b)after Article 3, insert—
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. 6(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(d)
F2Words in Sch. 2 para. 6(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. 6 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)
7. In Commission Delegated Decision (EU) 2016/309 of 26 November 2015 on the equivalence of the supervisory regime for insurance and reinsurance undertakings in force in Bermuda to the regime laid down in Directive 2009/138/EC of the European Parliament and of the Council and amending Commission Delegated Decision (EU) 2015/2290—U.K.
(a)in Articles 1, 2 and 3, after “laid down in”, each time it occurs, insert “ United Kingdom enactments and rules which implemented ”;
(b)after Article 3, insert—
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 [F3IP completion day] to implement Directive 2009/138/EC and its implementing measures. F4...
F4(a). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F4(b). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .”
Textual Amendments
F3Words in Sch. 2 para. 7(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(e)
F4Words in Sch. 2 para. 7(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
I2Sch. 2 para. 7 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)
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—
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 [F5IP completion day] to implement Directive 2009/138/EC and its implementing measures. F6...
F6(a). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F6(b). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .”
Textual Amendments
F5Words 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)
F6Words 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
I3Sch. 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)
9. In Commission Delegated Decision (EU) 2015/2290 of 12 June 2015 on the provisional equivalence of the solvency regimes in force in Australia, Bermuda, Brazil, Canada, Mexico and the United States and applicable to insurance and reinsurance undertakings with head offices in those countries—U.K.
(a)in Article 1, after “laid down in”, each time it occurs, insert “ United Kingdom enactments and rules which implemented ”;
(b)after Article 1, insert—
In Article 1, 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 [F7IP completion day] to implement Directive 2009/138/EC and its implementing measures. F8...
F8(a). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F8(b). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .”
Textual Amendments
F7Words in Sch. 2 para. 9(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(g)
F8Words in Sch. 2 para. 9(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
I4Sch. 2 para. 9 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)