Transitional Provisions and Schedules
MIPRU TP 1
Transitional Provisions
MIPRU TP 1.1
| (1) | (2) Material to which the transitional provision applies | (3) | (4) Transitional provision | (5) Transitional provision: dates in force | (6) Handbook provision: coming into force |
| 1 | MIPRU 4.4.4 R and MIPRU 4.4.8 R (3) | R | [expired] | ||
| 2 | MIPRU 5.2.2 R and MIPRU 5.2.4 R | R | MIPRU 5.2.2 R and MIPRU 5.2.4 R have effect in respect of the use by a firm of the services of another person consisting of insurance mediation and provided from an establishment in an EEA State that has not implemented Article 3 (Registration) of the Insurance Mediation Directive , as if the condition in paragraph (4) of MIPRU 5.2.2 R and the condition in paragraph (2) of MIPRU 5.2.4 R were a condition that the firm has no reason to doubt the good repute, competence and financial standing of that person. | from 14 January 2005 until the implementation of Article 3 of the Insurance Mediation Directive by the relevant EEA State | 14 January 2005 |
| 3 | MIPRU 3.2.7 R | R | [deleted] |
- 01/04/2013
MIPRU Sch 1
Record keeping requirements
- 01/01/2007
MIPRU Sch 1.1
See Notes
| There are no record keeping requirements in MIPRU. |
- 01/04/2013
MIPRU Sch 2
Notification requirements
- 01/01/2007
MIPRU Sch 2.1
See Notes
| There are no notification requirements in MIPRU |
- 01/04/2013
MIPRU Sch 3
Fees and other required payments
- 01/01/2007
MIPRU Sch 3.1
See Notes
| There are no requirements for fees or other payments in MIPRU. |
- 01/04/2013
MIPRU Sch 6
Rules that can be waived
- 01/01/2007
MIPRU Sch 6.1
See Notes
| The rules in MIPRU may be waived by the appropriate regulator under section 138A and 138B of the Act (Modification or waiver of rules). However, if the rules incorporate requirements laid down in European directives, it will not be possible for the appropriate regulator to grant a waiver that would be incompatible with the United Kingdom's responsibilities under those directives. It therefore follows that if a rule in MIPRU contains provisions which derive partly from a directive, and partly not, the appropriate regulator will be able to consider a waiver of the latter requirements only, unless the directive provisions are optional rather than mandatory. |
- 01/04/2013