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72A.—(1) There is excluded from this Part any activity consisting of the provision of an information society service from an EEA State other than the United Kingdom.
(2) The exclusion in paragraph (1) does not apply to the activity of effecting or carrying out a contract of insurance as principal, where—
(a)the activity is carried on by an undertaking which has received official authorisation in accordance with [F2Article 4 of the life assurance consolidation directive] or the first non-life insurance directive, and
(b)the insurance falls within the scope of any of the insurance directives.]
Textual Amendments
F1Art. 72A inserted (21.8.2002) by The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) (No. 2) Order 2002 (S.I. 2002/1776), arts. 1, 2
F2Words in art. 72A(2)(a) substituted (11.1.2005) by The Life Assurance Consolidation Directive (Consequential Amendments) Regulations 2004 (S.I. 2004/3379), regs. 1, 17