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Version status: In force | Document consolidation status: No known changes
Version date: 15 December 1997 - onwards
  Version 2 of 2    

Regulation 3

The Non-Life Framework Regulations are hereby amended -

(a) in Article 2(1) by -

(i) the insertion after the definition "carrying on insurance business by way of services" of the following definitions:

" 'close links' means an arrangement whereby two or more natural or legal persons are united -

(a) by participation or control, and

(b) to one and the same person by a control relationship;

'control', in the case of close links, means the relationship between a parent undertaking and a subsidiary undertaking, in all the cases referred to in Article 1(1) and (2) of Directive 83/349/EEC [O.J. No. L 193 18.07.1983 as last amended by Directive 90/605/EEC (O.J. No. L317 16.11.1990) ] or a similar relationship between any natural or legal person and an undertaking; any subsidiary undertaking of a subsidiary undertaking shall also be considered a subsidiary of the parent undertaking which is at the head of those undertakings;",

(ii) 'the substitution for the definition of "the Directive" of the

Comparing proposed amendment...