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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 31 December 2020 - onwards
Version 5 of 5

Article 5

(1) The provisions which apply by virtue of paragraph (a) and (b) of article 3 do so as if -

(a) any reference to the authorised person concerned were a reference to the members concerned;

(aa) the members concerned were authorised persons with permission to carry on the regulated activities of effecting a contract of insurance as principal and carrying out a contract of insurance as principal; and

(b) anything done in connection with the transfer by the person authorised, or the person certified to have authority, in accordance with paragraph (b) of article 4 had been done by the members concerned for whom he acted.

(2) [deleted]

(2A) Paragraph 2 of Part 1 of Schedule 12 to the Act apply as if the members concerned were authorised persons with permission to carry on the regulated activities of effecting a contract of insurance as principal and carrying out a contract of insurance as principal.

(3) A transfer scheme carried out by virtue of this Order may transfer to an establishment of the transferee business written on different syndicates and in different years of account of syndicates.