This section has no associated Explanatory Memorandum
16. In section 425(1)(a) (expressions relating to authorisation elsewhere in the single market)—U.K.
(a)omit “ “life assurance consolidation directive””, “ “first non-life insurance directive””, “insurance directives” and “reinsurance directive”, and
(b)after “ “single market directives”” insert “ “, Solvency 2 Directive” ”.