The Financial Services and Markets Act 2000 (Transitional Provisions and Savings) (Business Transfers) Order 2001
This Order makes savings and transitional provision for applications under Schedule 2C to the Insurance Companies Act 1982 (“Schedule 2C”) for approval of a transfer of the whole or part of the long term business carried on by an insurance company or approval of the transfer of rights and obligations under contracts of general insurance (including transfers of business to or from members of Lloyd's). In relation to any application that has been made but not determined before 1st December 2001, the relevant provisions of Schedule 2C are saved, subject to the general modifications in article 2 and the specific modifications in articles 3 and 5.