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13.—(1) The Financial Services and Markets Act 2000 (EEA Passport Rights) Regulations 2001(1) are amended as follows.
(2) In regulation 1(2) (interpretation) in sub-paragraph (b) of the definition of “health insurance risks” for “the first sub-paragraph of Article 54(2) of the third non-life insurance directive” substitute “Article 206(2) of the Solvency 2 Directive”.
(3) In paragraph (e) of regulation 2(5) (establishment of a branch: contents of consent notice)—
(a)omit from “has” to the end;
(b)after “firm” insert “covers the Solvency Capital Requirement calculated in accordance with Article 100 of the Solvency 2 Directive and the minimum capital requirement calculated in accordance with Article 129 of that directive.”.
(4) In paragraph (3) of regulation 3 (provision of services: contents of a regulator’s notice)—
(i)in sub-paragraph (a) for “Article 6 of the first non-life insurance directive or Article 6 of the first life insurance directive” substitute “Article 14 of the Solvency 2 Directive”;
(ii)in sub-paragraph (e)—
(aa)omit from “has” to the end;
(bb)after “firm” insert “covers the Solvency Capital Requirement calculated in accordance with Article 100 of the Solvency 2 Directive and the minimum capital requirement calculated in accordance with Article 129 of that directive.”.
(5) In regulations 13(1), 15(1) and 16(1) for “any of the insurance directives” substitute “the Solvency 2 Directive”.
(6) In regulation 19(2)(a) for “Article 2.1a of the reinsurance directive” substitute “Article 13(7) of the Solvency 2 Directive”.
S.I. 2001/2511; relevant amending instruments are S.I. 2004/1862, 2007/3253 and 2013/642
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