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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 15 July 2006 - onwards
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Regulation 33 Power to impose, vary and revoke conditions of SPRV authorisation

(1) When granting a SPRV authorisation or at any time while a SPRV authorisation has effect, the Bank may impose such conditions with respect to the conduct of the business concerned as it considers appropriate.

(2) The Bank may, from time to time, by notice in writing given to the SPRV concerned, vary or revoke a condition imposed in accordance with paragraph (1) or previously varied in accordance with this paragraph.

(3) If it thinks it would be in the general public interest to do so, the Bank may, by notice in writing, also impose conditions with respect to the operation of a SPRV established in another Member State with a view to ensuring that the SPRV carries out in a proper manner the responsibilities that are imposed on SPRVs by or under these Regulations.

(4) In imposing or varying a condition under this Regulation, the Bank shall ensure that the condition, or the condition as varied, accords with the objects of the Reinsurance Directive and these Regulations in so far as they

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