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PART IIRegulation of Insurance Companies

Accounts and statements

18Accounts and records

(1)In section 18(3) of the 1974 Act (signature of documents deposited with Secretary of State) for paragraphs (a) and (b) there shall be substituted the words " by such persons as may be prescribed ".

(2)After section 22 of the 1974 Act there shall be inserted—

22ACompanies from outside the Community.

An insurance company to which this Part of this Act applies whose head office is not in a member State shall keep in the United Kingdom proper accounts and records in respect of insurance business carried on in the United Kingdom..