Direction - Financial Services Authority

Direction
To: Guildhall Insurance Company Ltd (the “firm”)
Ref: 1330273
Of: Avaya House
2 Cathedral Hill
Guildford
GU2 7YL
Date: 16 June 2011
Handbook version as in force on which this Direction takes effect.
Power
1. This direction is given by the FSA under section 148 of the Act.
Duration
2. (a) This direction takes effect on 16 June 2011
Rules Waived
(b) This direction ends on 31 March 2013.
3. The FSA directs that the rules listed below are waived for the firm.
Rule Waiver
IPRU(INS) rules 9.17, 9.19 and
9.20A
The rules do not apply to the firm.
Rules Modified
4. The FSA directs that the rule listed below applies to the firm with the modifications
shown.
Rule Modification
IPRU (INS) rule 9.20(1) The rule is replaced by the following:
"This rule applies to any financial year after the first financial
year ended on or after 31 December 2005 in any case where –
(a) for the previous financial year, an insurer was required to

Conditions
5. The firm must include a note in their returns stating:
prepare a Form 20 to 25 for a category of business (as set
out in column 2 of paragraph 2B of Appendix 9.2) that was
not category number 001 to 003, 409 or 709; and
(b) for the financial year in question, the 'reporting criteria' for
that Form and category of business are not met."
"The Financial Services Authority, on the application of the firm, made a direction in
June 2011 under section 148 of the Act. The effect of the direction is to exclude
Forms 26 to 29, 31, 32 and 34 from the firm's returns."
Interpretation
6. Interpretative provisions (including definitions) of the Handbook apply to this
direction in the same way as they apply to the Handbook.
Ya Ngoneh Sarr
Waivers Team
Regulatory Decisions Department
Financial Services Authority