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BR-2.3.25

The only exceptions to Paragraph BR-2.3.22 are:

(a) In the case of an overseas insurance firm, Paragraph BR-2.3.22 applies only in relation to transactions initiated or made on behalf of the overseas insurance firm or with an approved person of the overseas insurance firm; or
(b) Where the related party transaction is one involving the effecting or carrying out of a contract of insurance and that transaction is on terms no more favourable than those that would apply were the transacting parties not related parties.
Amended: January 2007
Amended: October 2007