Policyholders Protection Act 1997 (repealed)
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Change 1
SCHEDULE 3 Section 6: consequential amendments
Section 6. 1 The 1975 Act shall be amended as follows. 2 In section 1(2), after paragraph (a) there shall be inserted— (za) to comply with any directions under section 17A below; and . 3 In section 18(3)(a), for “or 16” there shall be substituted “ , 16 or 17A ”. 4 (1) Section 28 shall be amended as follows. (2) In subsection (1)— (a) after paragraph (b) there shall be inserted ; or (c) which is a company in financial difficulties within the meaning of section 16 above in relation to which the Board have taken any measures in pursuance of a direction under section 17A above; , and (b) after “paragraph (b)” there shall be inserted “ or (c) ”. (3) In subsection (2), there shall be inserted at the end ; and (c) in a case falling within paragraph (c) of that subsection, the period of six months beginning with the date on which the Secretary of State receives written notification from the Board that they have taken measures in relation to the company in question in pursuance of a direction under section 17A above. (4) In subsection (3), after “paragraph (b)” there shall be inserted “ or (c) ”.
SCHEDULE 3 Section 6: consequential amendments
Section 6. 1 The 1975 Act shall be amended as follows. 2 In section 1(2), after paragraph (a) there shall be inserted— (za) to comply with any directions under section 17A below; and . 3 In section 18(3)(a), for “or 16” there shall be substituted “ , 16 or 17A ”. 4 (1) Section 28 shall be amended as follows. (2) In subsection (1)— (a) after paragraph (b) there shall be inserted ; or (c) which is a company in financial difficulties within the meaning of section 16 above in relation to which the Board have taken any measures in pursuance of a direction under section 17A above; , and (b) after “paragraph (b)” there shall be inserted “ or (c) ”. (3) In subsection (2), there shall be inserted at the end ; and (c) in a case falling within paragraph (c) of that subsection, the period of six months beginning with the date on which the Secretary of State receives written notification from the Board that they have taken measures in relation to the company in question in pursuance of a direction under section 17A above. (4) In subsection (3), after “paragraph (b)” there shall be inserted “ or (c) ”.
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