Direction - Financial Services Authority
Direction - Financial Services Authority
Direction - Financial Services Authority
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<strong>Direction</strong><br />
To: Bosworth Run-Off Limited (the “firm”)<br />
Ref: 1261430<br />
Of: Avaya House<br />
2 Cathedral Hill<br />
Guildford<br />
Surrey<br />
GU2 7YL<br />
Date: 13 January 2011<br />
Handbook version as in force on which this <strong>Direction</strong> takes effect.<br />
Power<br />
1. This direction is given by the FSA under section 148 of the Act.<br />
Duration<br />
2. (a) This direction takes effect on 13 January 2011.<br />
(b) This direction ends on revocation of the rules or 30 June 2013 whichever is the<br />
earlier.<br />
Rules Waived<br />
3. The FSA directs that the rules listed below are waived for the firm.<br />
Rule Waiver<br />
IPRU(INS) rules 9.17, 9.19 and<br />
9.20A<br />
The rules do not apply to the firm.<br />
Rules Modified<br />
4. The FSA directs that the rule listed below applies to the firm with the modifications<br />
shown.<br />
Rule Modification<br />
IPRU (INS) rule 9.20(1) The rule is replaced by the following:<br />
The <strong>Financial</strong> <strong>Services</strong> <strong>Authority</strong><br />
25 The North Colonnade Canary Wharf London E14 5HS, United Kingdom<br />
Telephone +44 (0)20 7066 1000 Fax +44 (0)20 7066 1099<br />
Registered as a Limited Company in England and Wales No 1920623. Registered office as above<br />
- 1 -<br />
"This rule applies to any financial year after the first financial<br />
year ended on or after 31 December 2005 in any case where –
Conditions<br />
5. The firm must include a note in their returns stating:<br />
The <strong>Financial</strong> <strong>Services</strong> <strong>Authority</strong><br />
25 The North Colonnade Canary Wharf London E14 5HS, United Kingdom<br />
Telephone +44 (0)20 7066 1000 Fax +44 (0)20 7066 1099<br />
Registered as a Limited Company in England and Wales No 1920623. Registered office as above<br />
- 2 -<br />
(a) for the previous financial year, an insurer was required to<br />
prepare a Form 20 to 25 for a category of business (as set<br />
out in column 2 of paragraph 2B of Appendix 9.2) that was<br />
not category number 001 to 003, 409 or 709; and<br />
(b) for the financial year in question, the 'reporting criteria' for<br />
that Form and category of business are not met."<br />
"The FSA, on the application of the firm, made a direction in January 2011 under<br />
section 148 of the Act. The effect of the direction is to exclude Forms 26 to 29, 31, 32<br />
and 34 from the firm's returns."<br />
Interpretation<br />
6. Interpretative provisions (including definitions) of the Handbook apply to this<br />
direction in the same way as they apply to the Handbook.<br />
Jaysal Darjee<br />
Waivers Team<br />
Regulatory Transactions Department<br />
<strong>Financial</strong> <strong>Services</strong> <strong>Authority</strong>