219.This section is a paving provision for Part III of Schedule 12 which enables the Authority to issue a certificate about the solvency of a UK authorised firm to which insurance business is to be transferred from overseas.  Such a certificate would enable the Authority to confirm to a regulatory authority in another EEA member State or Switzerland that the transferee firm was financially sound and able to accept the business being transferred to it.
Commentary on Sections Part Vii: Control of Business Transfers Section 115:  Certificate for the purpose of insurance business transfers overseas