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Financial Services and Markets Act 2000
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5A certificate under this paragraph is one given by the Authority and certifying that the authority responsible for supervising persons who effect or carry out contracts of insurance in the EEA State in which the risk is situated has been notified of the proposed scheme and that—
(a)that authority has consented to the proposed scheme; or
(b)the period of three months beginning with the notification has elapsed and that authority has not refused its consent.
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