SCHEDULES
C1F2SCHEDULE 2F] RECOGNITION IN THE UNITED KINGDOM OF EC AND EFTA COMPANIES
Sch. 2F: Power to contract out certain functions conferred (18.11.1998) by S.I. 1998/2842, arts. 2, 3, Sch. Pt. I para. 60
PART IEC COMPANIES CARRYING ON BUSINESS ETC. IN THE UNITED KINGDOM
Powers to obtain information
13
1
Subject to sub-paragraph (2) below, the powers conferred by section 44 above on the F3Treasury or persons authorised by F4them shall be exercisable in respect of an EC company if either—
a
the following requirements are fulfilled, namely—
i
the supervisory authority in the company’s home State has made a written request to the F3Treasury to obtain information from the company; and
2
The F3Treasury shall not exercise the powers conferred by subsection (2A), (2B) or(4A) of section 44 above in respect of an EC company unless the requirements of sub-paragraph (1)(a) above are fulfilled.
14
1
The powers conferred by section 44 above on the F7Treasury shall be exercisable in respect of an EC company by a person authorised by the supervisory authority in the company’s home State if—
a
the information to be requested by that person is necessary to enable the authority to perform its obligations in respect of the company under Article 19 of the first general insurance Directive or Article 23 of the first long term insurance Directive; and
b
the authority has notified the F7Treasury in writing of that person’s intention to exercise those powers.
2
An officer or agent of the F7Treasury may accompany a person so authorised while he is acting in the exercise of those powers.
F814A
Paragraphs 13 and 14 above shall apply in relation to the powers conferred by section 44 above on the Secretary of State or persons authorised by him as they apply in relation to the powers conferred by that section on the Treasury or persons authorised by them; and for those purposes the references in those paragraphs to the Treasury shall be construed as references to the Secretary of State.
Sch. 2F inserted (1.7.1994) by S.I. 1994/1696, reg. 45(2), Sch. 6