BKLM242700 - Relevant entities and groups: banking groups: conditions to be met to be a banking group: the exempt activities condition: insurance and related activities
Paragraphs 13(4)(a) and (b) of Schedule 19
Exempt activities include insurance activities. 바카라 사이트˜Insurance activities바카라 사이트™ means:
- the effecting or carrying out of contracts of insurance by a company which is authorised under the law of any territory to carry on insurance business
- the effecting or carrying out of contracts of insurance by a member of a body or organisation which is authorised under the law of any territory to carry on insurance business, and
- investment business that arises directly from 바카라 사이트˜activities바카라 사이트™ which fall within the first two bullet points.
바카라 사이트˜Contract of insurance바카라 사이트™ has the meaning given by article 3(1) of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 (S.I. 2001/544).
바카라 사이트˜Activities바카라 사이트™ includes the buying, holding, managing and selling of assets.