HC Deb 09 February 2000 vol 344 c335

4. A certificate under this paragraph is one given by the Authority and certifying that the authority responsible for supervising insurance companies in the State of the commitment has been notified of the proposed scheme and that—

  1. (a) that authority has consented to the proposed scheme; or
  2. (b) the period of three months beginning with the notification has elapsed and that authority has not refused its consent.