198 Power to apply to court for injunction in respect of certain overseas insurance companies
198 Power to apply to court for injunction in respect of certain overseas insurance companies

[(1)     This section applies if the appropriate regulator has received a request made in respect of an incoming EEA firm in accordance with Article 140 of the Solvency 2 Directive.]

(2)     The court may, on an application made to it by the [appropriate regulator] with respect to the firm, grant an injunction restraining (or in Scotland an interdict prohibiting) the firm disposing of or otherwise dealing with any of its assets.

(3)     If the court grants an injunction, it may by subsequent orders make provision for such incidental, consequential and supplementary matters as it considers necessary to enable the [appropriate regulator] to perform any of its functions under this Act.