Version Superseded: 31/12/2020
Point in time view as at 01/04/2013. This version of this provision has been superseded.
Financial Services and Markets Act 2000, Section 114A is up to date with all changes known to be in force on or before 25 May 2025. 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.
(1)This section applies in relation to an insurance business transfer scheme if—
(a)the authorised person concerned is an authorised person other than an EEA firm qualifying for authorisation under Schedule 3;
(b)the court has made an order under section 111 in relation to the scheme; and
(c)an EEA State other than the United Kingdom is, as regards any policy included in the transfer which evidences a contract of reinsurance, the State in which the establishment of the policyholder to which the policy relates is situated at the date when the contract was entered into (“the EEA State concerned”).
(2)The court may direct that notice of the making of the order, or the execution of any instrument, giving effect to the transfer must be published by the transferee in the EEA State concerned.]
Textual Amendments
F1S. 114A inserted (10.12.2007) by The Reinsurance Directive Regulations 2007 (S.I. 2007/3253), reg. 2(1), Sch. 1 para. 2(3)
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