- Latest available (Revised)
- Original (As made)
This is the original version (as it was originally made). This item of legislation is currently only available in its original format.
1. This Order may be cited as the Insurance Brokers Registration Council (Indemnity Insurance and Grants Scheme) Rules Approval Order 1987 and shall come into operation on 1st October 1987.
2. The Insurance Brokers Registration Council (Indemnity Insurance and Grants Scheme) Rules 1987 made by the Insurance Brokers Registration Council in exercise of their powers under section 12 of the Insurance Brokers (Registration) Act 1977 as amended by section 138(3) of the Financial Services Act 1986 are hereby approved as set out in the Schedule to this Order.
3. The Insurance Brokers Registration Council (Indemnity Insurance and Grants Scheme) Rules Approval Order 1979(1) is hereby revoked except in relation to–
(a)proceedings before the Disciplinary Committee set up under section 14 of the Insurance Brokers (Registration) Act 1977 in respect of a contravention of, or a failure to comply with, the Rules set out in the schedule to that Order occurring before 1st October 1987;
(b)any application made under part III of those Rules before 1st October 1987;
(c)the requirement imposed by Rule 3(1) of those Rules for practising insurance brokers and enrolled bodies corporate to maintain a policy or policies (as defined in that Rule) in respect of each business which they carry on until any policy taken out by such insurance brokers or bodies corporate pursuant to that Rule and in force immediately before 1st October 1987 falls to be renewed or replaced by a new policy or policies.
Francis Maude
Parliamentary Under-Secretary of State,
Department of Trade and Industry
20th August 1987
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
Click 'View More' or select 'More Resources' tab for additional information including: