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The Financial Services (Designated Countries and Territories) (Overseas Insurance Companies) Order 1998
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- 1998 No. 1550
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Statutory Instruments
1998 No. 1550
FINANCIAL SERVICES
The Financial Services (Designated Countries and Territories) (Overseas Insurance Companies) Order 1998
Made
24th June 1998
Laid before Parliament
25th June 1998
Coming into force
16th July 1998
Whereas it appears to the Treasury that the law under which insurance companies are authorised and supervised in the Bailiwick of Jersey affords adequate protection to policyholders and potential policyholders against the risk that the companies may be unable to meet their liabilities:
(1)
(2)
The functions of the Secretary of State mentioned in section 130(3) and (4) of the Financial Services Act 1986 were transferred to the Treasury by article 2(2) of the Transfer of Functions (Insurance) Order (S.I. 1997/2781).
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