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Version status: Omitted | Document consolidation status: Updated to reflect all known changes
Version date: 31 December 2020 - onwards
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116. Effect of insurance business transfers authorised in other EEA States

Omitted from 31 December 2020

(1) This section applies if, as a result of an authorised transfer, an EEA firm falling within paragraph 5(d) or (da) of Schedule 3 transfers to another body all its rights and obligations under any UK policies.

(2) This section also applies if, as a result of an authorised transfer, any of the following transfers to another body all its rights and obligations under any UK policies -

(a) an undertaking authorised in an EEA State other than the United Kingdom under Article 162 of the Solvency 2 Directive

(b) an undertaking whose head office is not in an EEA State and which is authorised under the law of an EEA State other than the United Kingdom to carry out reinsurance activities in its territory (as mentioned in Article 174 of the Solvency 2 Directive).

(c) [deleted]

(3) If appropriate notice of the execution of an instrument giving effect to the transfer is published, the instrument has the effect in law -

(a) of transferring to the transferee all the transferor's rights and obl

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