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The Insurance Distribution (Regulated Activities and Miscellaneous Amendments) Order 2018
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Information under the Insurance Distribution Directive
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15. After section 354G (information under the UCITS Directive)(1) insert—
“Information under the Insurance Distribution Directive
354H.—(1) The FCA and the PRA must give the Commission information about any general difficulties which UK insurance distributors encounter—
(a)in establishing themselves, or
(b)in carrying out insurance distribution or reinsurance distribution,
in any territory or country other than an EEA State.
(2) In this section—
“UK insurance distributor” is an insurance distributor, reinsurance intermediary or reinsurance undertaking (within the meanings in Article 2.1(5), (7) and (8) of the insurance distribution directive) whose home member state (within the meaning of Article 2.1(10) of the insurance distribution directive) is the United Kingdom;
“insurance distribution” has the meaning given in Article 2.1(1) of the insurance distribution directive; and
“reinsurance distribution” has the meaning given in Article 2.1(2) of the insurance distribution directive.”.
(1)
Section 354G was inserted by S.I. 2016/1095.
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