PART IIAMENDMENTS OF 1982 ACT
CHAPTER IRESTRICTION ON CARRYING ON INSURANCE BUSINESS
Applications for authorisation
Applicants from other EEA States etc.8
1
In subsections (1), (2) and (3) of section 8 of the 1982 Act (applicants from other member States), for the words “applicant whose head office is in a member State other than the United Kingdom” substitute the words “applicant to which this section applies”.
2
For subsection (3A) of that section5 substitute—
3A
An applicant is one to which this section applies if—
a
its head office is in a member State other than the United Kingdom and it is not an EC company; or
b
its head office is in an EFTA State; or
c
its head office is in Switzerland and the authorisation sought by it is an authorisation to carry on general business which is not restricted to reinsurance business.
3
In subsection (4) of that section, the words “and ‘controller’, ‘manager’ and ‘main agent’ have the same meanings as in section 7 above” (which are superseded by regulation 50 below) shall cease to have effect.