Finance (Miscellaneous Provisions) Act 2015
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Continuation of certain regulations | ||
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16. (1) Subject to section 20 and notwithstanding Article 310 of the Solvency II Directive, the following regulations shall, in so far only as they apply to a relevant undertaking, continue in force as if the repealed instruments had not been repealed: | ||
(a) the Non-Life Regulations; | ||
(b) the Life Regulations; | ||
(c) the European Communities (Non-Life Insurance Accounts) Regulations 1995 ( S.I. No. 202 of 1995 ); | ||
(d) the European Communities (Reinsurance) Regulations 2006; | ||
(e) the European Communities (Insurance and Reinsurance Groups Supplementary Supervision) Regulations 2007 ( S.I. No. 366 of 2007 ). | ||
(2) Subject to section 20 and notwithstanding Article 310 of the Solvency II Directive, the European Communities (Reorganisation and Winding-Up of Insurance Undertakings) Regulations 2003 ( S.I. No. 168 of 2003 ) shall, in so far only as they apply to a relevant undertaking (other than a relevant undertaking to which Title IV of the Solvency II Directive applies), continue in force as if the repealed instruments had not been repealed. |