PART 2 U.K. Amendments to the Act

CHAPTER 22 U.K. Schedule 12 to the Act: transfer schemes: certificates

Paragraph 10 (insurance business transfers effected outside the United Kingdom) U.K.

114.  In paragraph 10 (insurance business transfers effected outside the United Kingdom)—

(a) in sub-paragraph (1) for “any of the conditions in sub-paragraphs (2), (3) or (4)” substitute “ the condition in sub-paragraph (4) ”;

(b) omit sub-paragraphs (2) and (3) M1 ;

(c) in sub-paragraph (4) M2 for “a UK authorised person” to the end substitute “ a UK authorised person as defined in section 105(8) ”.

Commencement Information

I1 Reg. 114 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(3)

Marginal Citations

M1 Sub-paragraph (2) was amended by S.I. 2007/3253 and paragraph 19(2) of Schedule 6 to the Financial Services Act 2012; sub-paragraph (3) was substituted by S.I. 2015/575.

M2 Sub-paragraph (4) was substituted by S.I. 2015/575.