SCHEDULES

SCHEDULE 15U.K. Amalgamations, Transfers of Engagements and Conversion: Supplementary

Part IIU.K. Confirmation by Commission

[F1Rights of policy holders]U.K.

[F216B(1)This paragraph applies where the Commission confirms a transfer in accordance with paragraph 15A above and F3. . .–U.K.

F4. . . . .as regards any policy included in the transfer, [F5an EEA State] other than the United Kingdom is the State in which the commitment is situated; F4. . .

F6(b). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(2)The Commission shall direct that–

(a)notice of the making of any order, or the execution of any instrument, giving effect to the transfer shall be published in the [F5 EEA State] F3. . . which is the State in which the commitment is situated; and

(b)the notice shall specify the period during which the policy holder may exercise any right to cancel the policy;

and the instrument or order shall not bind the policy holder if either such a notice is not so published or the policy holder exercises any such right during the period so specified.

(3)The law of the [F5 EEA State] F3. . . which is the State in which the commitment is situated shall determine–

(a)whether the policy holder has a right to cancel the policy; and

(b)the conditions applicable to any such right.]