The proprietor of a registered charge1 may make a further advance on the security of the charge ranking in priority to a subsequent charge if he has not received from the subsequent chargee notice2 of the creation of the subsequent charge3, if the advance is made in pursuance of an obligation which at the time of the creation of the subsequent charge was entered in the register in accordance with rules
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This Practice Note covers the legal framework and regulatory guidance to be considered in determining whether an arrangement constitutes a contract of insurance and the possible consequences of carrying on activities relating to a contract of insurance without the requisite regulatory permissionsThe
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