GIM10010 - Non-resident insurers: accounting requirements: non-UK companies

The accounts of UK incorporated companies are subject to the accounting provisions of the Companies Act 1985 (CA 1985) and must be filed with the Registrar of Companies. See GIM2010. Other insurance companies, established outside the UK, will be “overseas companies” under Part XXIII CA 1985 if they are carrying on business through a UK branch.

The requirement to submit accounts is given by Schedule 21D to the CA 1985. If the company is required under its home state rules to prepare and file audited accounts then it must file those accounts at Companies House. In other cases it must prepare the like accounts and directors’ report, and cause to be prepared such an auditors’ report, as would be required if the company were a company formed under that Act (subject to any modifications as are prescribed by regulations).

Note the accounts are of the whole company and not just of the branch. They are publicly available documents.