STATUTORY INSTRUMENTS.

S.I. No. 126 of 2000.

INSURANCE (FEES) (AMENDMENT) ORDER, 2000.

S.I. No. 126 of 2000.

INSURANCE (FEES) (AMENDMENT) ORDER, 2000.

I, NOEL TREACY, Minister of State at the Department of Enterprise, Trade and Employment, in exercise of the powers conferred on me by sections 6 and 7 of the Insurance Act, 1989 (No. 3 of 1989) , and the Enterprise, Trade and Employment (Delegation of Ministerial Functions) Order, 1998 ( S.I. No. 265 of 1998 ) (as adapted by the Enterprise and Employment (Alteration of Name of Department and Title of Minister) Order, 1997 ( S.I. No. 305 of 1997 ), and with the consent of the Minister for Finance, hereby order as follows:

1. (1) This Order may be cited as the Insurance (Fees) (Amendment) Order, 2000.

(2) This Order shall come into operation on 10 May 2000.

2. The Insurance (Fees) Order, 1995 ( S.I. No. 128 of 1995 ), is amended by the deletion of--

(a) Article 4(2), and

(b) the third column of the Schedule.

The Minister for Finance consents to the making of this Order.

EXPLANATORY NOTE.

(This note is not part of the Instrument and does not purport to be a legal interpretation.)

This Order abolishes the requirement for EU Branches/Services Insurers to pay annual fees to the Minister for Enterprise, Trade and Employment.

The Order is effective from 10 May, 2000.