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The Financial Services and Markets Act 2000 (Law Applicable to Contracts of Insurance) Regulations 2009 is up to date with all changes known to be in force on or before 30 April 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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Statutory Instruments
Financial Services And Markets
Made
23rd November 2009
Laid before Parliament
24th November 2009
Coming into force
17th December 2009
Modifications etc. (not altering text)
C1Regulations: power to modify conferred (11.7.2023) by Financial Services and Markets Act 2023 (c. 29), ss. 3, 86(3), Sch. 1 Pt. 2; S.I. 2023/779, reg. 2(d)
Marginal Citations
M1See the definition of “prescribed” in section 417 of the Financial Services & Markets Act 2000 (c. 8).
1.—(1) These Regulations may be cited as the Financial Services and Markets Act 2000 (Law Applicable to Contracts of Insurance) Regulations 2009 and come into force on 17th December 2009.
(2) In these Regulations—
“the 2001 Regulations” means the Financial Services and Markets Act 2000 (Law Applicable to Contracts of Insurance) Regulations 2001M3;
“the Rome I Regulation” means Regulation (EC) No. 593/2008 of the European Parliament and of the Council of 17th June 2008 on the law applicable to contractual obligations (Rome I)M4 [F1, as that Regulation has effect as retained direct EU legislation, unless the contractual obligations are ones in respect of which Regulation (EC) No. 593/2008 has effect by virtue of Article 66 of the EU withdrawal agreement, in which case it means that Regulation as it has effect by virtue of that Article.]
(3) Expressions used in regulations 4 and 5 and in the Rome I Regulation have the same meaning as in the Rome I Regulation unless the context requires otherwise.
Textual Amendments
F1Words in reg. 1(2) inserted (31.12.2020) by The Law Applicable to Contractual Obligations and Non-Contractual Obligations (Amendment etc.) (EU Exit) Regulations 2019 (S.I. 2019/834), regs. 1, 7(2) (as substituted by S.I. 2020/1574, regs. 1, 6(9)); 2020 c. 1, Sch. 5 para. 1(1)
Marginal Citations
M3S.I. 2001/2635, amended by S.I. 2001/3542 and S.I. 2007/2403.
M4OJ L 177, 4.7.2008, p. 6.
2.—(1) After regulation 3(1) of the 2001 Regulations insert—
“(1A) These Regulations do not apply to contracts of insurance entered into on or after 17th December 2009.”.
(2) In regulation 3(2) of the 2001 Regulations, after the words “friendly societies” insert “ before 17th December 2009 ”.
3. [F3Article 7 of the Rome I Regulation, as that Regulation has effect as retained direct EU legislation,] applies in the case of conflicts between—
(a)the laws of different parts of the United Kingdom, or
(b)the laws of one or more parts of the United Kingdom and Gibraltar,
in relation to contracts of insurance described in Article 7 of the Rome I Regulation as it applies in the case of conflicts between the laws of different countries.
Textual Amendments
F2Words in reg. 3 heading substituted (31.12.2020) by The Law Applicable to Contractual Obligations and Non-Contractual Obligations (Amendment etc.) (EU Exit) Regulations 2019 (S.I. 2019/834), regs. 1, 7(3)(a) (as substituted by S.I. 2020/1574, regs. 1, 6(9)); 2020 c. 1, Sch. 5 para. 1(1)
F3Words in reg. 3 substituted (31.12.2020) by The Law Applicable to Contractual Obligations and Non-Contractual Obligations (Amendment etc.) (EU Exit) Regulations 2019 (S.I. 2019/834), regs. 1, 7(3)(b) (as substituted by S.I. 2020/1574, regs. 1, 6(9)); 2020 c. 1, Sch. 5 para. 1(1)
4. Where, in the case of a contract of insurance to which Article 7(3) of the Rome I Regulation applies, the law referred to in sub-paragraph (a) or (b) of that Article, or one of the laws referred to in sub-paragraph (e) of that Article, is a law of any part of the United Kingdom, the parties to that contract may also choose as the law applicable to the contract—
(a)the law of another country; or
(b)the law of another part of the United Kingdom,
if that choice complies with Article 3, Article 6 and Articles 9 to 22 of that Regulation.
5. Where the parties to the contract may choose the applicable law under the Rome I Regulation or under regulation 4, and where the risk to which the contract relates is covered by Community co-insurance (within the meaning of [F4Article 190 of the Solvency 2 Directive]), co-insurers other than the leading insurer (within the meaning of [F5that Article]) are not to be treated as parties to the contract.
Textual Amendments
F4Words in reg. 5 substituted (1.1.2016) by The Solvency 2 Regulations 2015 (S.I. 2015/575), reg. 1(2), Sch. 2 para. 31(2)(a)
F5Words in reg. 5 substituted (1.1.2016) by The Solvency 2 Regulations 2015 (S.I. 2015/575), reg. 1(2), Sch. 2 para. 31(2)(b)
Dave Watts
Bob Blizzard
Two of the Lords Commissioners of Her Majesty's Treasury
(This note is not part of the Regulations)
These Regulations concern the application of Regulation (EC) No. 593/2008 of the European Parliament and of the Council on the law applicable to contractual obligations (Rome I) to contracts of insurance (“the Rome I Regulation”). The Rome I Regulation establishes uniform choice of law rules in the field of contractual obligations between Member States.
The amendments made in regulation 2 limit the application of the provisions on the law applicable to contracts of insurance contained in the Financial Services and Markets Act 2000 (Law Applicable to Contracts of Insurance) Regulations 2001 (S.I. 2001/2635) to contracts of insurance entered into before 17th December 2009, the date on which the Rome I Regulation comes into force.
Regulation 3 extends the application of the Rome I Regulation to conflicts between the laws of England and Wales, Scotland, Northern Ireland, or between the laws of any of the foregoing and Gibraltar, that it would not otherwise apply to.
Regulation 4 makes provision permitted by the third subparagraph of Article 7(3) of the Rome I Regulation, allowing parties to contracts insuring risks other than large risks greater freedom of choice of law applicable than would otherwise be available to them under that Article where the risk is situated in the United Kingdom (Article 7(3)(a)), the policyholder has their habitual residence in the United Kingdom (Article 7(3)(b)) or the policyholder carries on a business, trade or profession and the insurance contract covers two or more risks which relate to that business which are situated in different Member States, and the United Kingdom is one of those States or the country of habitual residence of the policyholder (Article 7(3)(e)).
Regulation 5 specifies that where the risk is covered by Community co-insurance, as defined by Council Directive 78/473/EEC on the coordination of laws, regulations and administrative provisions relating to Community co-insurance (OJ L 151, 7.6.78, p.25) the leading insurer is to be treated as the only insurer.
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