COND 1.1 Application

COND applies to every firm, except that:

1. (1)

   for an incoming EEA firm or an incoming Treaty firm only threshold conditions 1, 3, 4 and 5 apply and only in so far as relevant to:

   1. (a)

      an application for a top-up permission under Part IV of the Act (that is, permission to carry on regulated activities in addition to those permitted through the incoming firm's authorisation under Schedule 3 (EEA Passport Rights) or 4 (Treaty Rights) to the Act ); and

   2. (b)

      the exercise of the FSA's own-initiative power under section 45 of the Act (Variation etc on the FSA's own initiative) in relation to the top-up permission;

2. (2)

   COND also applies to an applicant for Part IV permission;

3. (3)

   threshold conditions 3, 4 and 5 do not apply to a Swiss General Insurance Company; and

4. (4)

   COND 2.6 (Additional conditions) is only relevant to non-EEA insurers.

In COND, 'firm' includes an applicant for Part IV permission unless the context otherwise requires.

COND applies in relation to all of the regulated activities for which a firm has, or will have, permission, except as stated in COND 1.1.1 G (1).

COND applies in relation to all of the regulated activities wherever they are carried on, except as stated in COND 1.1.1 G (1).