SYSC 13.1 Application

SYSC 13.1.1GRP

1SYSC 13 applies to an insurer unless it is:

  1. (1)

    a non-directive friendly society; or

  2. (2)

    an incoming EEA firm; or

  3. (3)

    an incoming Treaty firm.

SYSC 13.1.2GRP

SYSC 13 applies to:

  1. (1)

    an EEA-deposit insurer; and

  2. (2)

    a Swiss general insurer;

only in respect of the activities of the firm carried on from a branch in the United Kingdom.

SYSC 13.1.3GRP

SYSC 13 applies to a UK ISPV.

SYSC 13.1.4GRP

2SYSC 13 does not apply to an incoming ECA provider acting as such.