(1) A scheme is an insurance business transfer scheme if it—
(a) satisfies one of the conditions [the condition] set out in subsection (2);
(b) results in the business transferred being carried on from an establishment of the transferee in an EEA State [the United Kingdom]; and
(c) is not an excluded scheme.
(2) The conditions are that—
(a) the whole or part of the business carried on in one or more member States by a UK authorised person who has permission to effect or carry out contracts of insurance (“[the transferor concerned]”) is to be transferred to another body (“the transferee”);
(b) the whole or part of the business, so far as it consists of reinsurance, carried on in the United Kingdom through an establishment there by an EEA firm [falling within paragraph 5(d) of Schedule 3 and qualifying for authorisation under that Schedule] (“[the transferor concerned]”) is to be transferred to another body (“the transferee”);
(c) the whole or part of the business carried on in the United Kingdom by an aut
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