SCHEDULE 2Amendments to the Insurance Accounts Directive (Miscellaneous Insurance Undertakings) Regulations 2008

12.  For regulation 13 (summary proceedings: venue and time limit) substitute—

13.  The following provisions of the Companies Act 2006 apply in relation to an offence under these Regulations (or under a provision of the Act as applied by these Regulations) as they apply to offences under that Act—

(a)section 1121 (liability of officer in default);

(b)section 1122 (liability of company as officer in default);

(c)section 1123 (application to bodies other than companies);

(d)section 1125 (meaning of “daily default fine”);

(e)section 1127 (summary proceedings: venue);

(f)section 1128 (summary proceedings: time limit for proceedings);

(g)section 1130 (proceedings against unincorporated bodies)..