Paragraph 10 (insurance business transfers effected outside the United Kingdom)
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Memorandwm Esboniadol
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)(1);
(c)in sub-paragraph (4)(2) for “a UK authorised person” to the end substitute “a UK authorised person as defined in section 105(8)”.
(1)
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.
(2)
Sub-paragraph (4) was substituted by S.I. 2015/575.