2

Affected Persons

2.1

For the purposes of section 377F(3) of FSMA, an affected person in relation to an insurer under write-down is:

  1. (1) every policyholder of the insurer under write-down;
  2. (2) every reinsurer of the insurer under write-down;
  3. (3) every trade creditor of the insurer under write-down;
  4. (4) every financial counterparty of the insurer under write-down;
  5. (5) every holder of a capital market investment issued by the insurer under write-down (or a trustee acting on behalf of such persons); and
  6. (6) every intermediary who has placed business with the insurer under write-down where that business may be affected by the write-down, or where the intermediary is a debtor or creditor of the insurer under write-down or holds client money in connection with such business.