Clause 81.—(OBLIGATION OF INSURANCE COMPANY TO NOTIFY BOARD OF TRADE OF CHANGES IN OFFICERS AND CON- TROL OF COMPANY AND HOLDING COMPANY.) (Hansard, 19 July 1967)

§ Mr. Darling

I beg to move Amendment No. 253, in page 72, line 41, to leave out subsection (1) and to insert: (1) Every insurance company to which the principal Act applies which is a body corporate shall, upon a person's becoming or ceasing to be, an officer of the company, or acquiring or relinquishing control of the company, be under obligation to notify the Board of Trade in writing of that fact and of his name, and every insurance company to which the principal Act applies which is not a body corporate shall, upon a person's becoming or ceasing to be, an officer of the company, be under a corresponding obligation. This is another redrafting of Clause 81(1) to avoid ambiguity. There is no change of substance here. We are doing a cleaning-up job.