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The Insurance Mediation Directive (Miscellaneous Amendments) Regulations 2003

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Amendments to the Passport Rights Regulations

8.—(1) The Financial Services and Markets Act 2000 (EEA Passport Rights) Regulations 2001(1) are amended as follows.

(2) In regulation 1(2) (interpretation), after the definition of “insurance firm”, insert—

“insurance intermediary” means an EEA firm falling within paragraph 5(e) of Schedule 3;.

(3) In regulation 3 (provision of services: contents of regulator’s notice), after paragraph (3), insert—

(4) In the case of an insurance intermediary, the prescribed information is that the firm intends to carry on insurance mediation or reinsurance mediation (in each case, within the meaning of the insurance mediation directive) by providing services in the United Kingdom..

(4) In regulation 10 (applications for approval under section 60 by EEA firms), after “consent notice”, insert “or regulator’s notice”.

(1)

S.I. 2001/2511; amended by S.I. 2002/765.

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