# The Companies (Northern Ireland) Order 1986 (revoked), Paragraph 46: Long term business provision

Extent: N.I.

(1) The long-term business provision shall in principal be computed separately for each long-term contract, save that statistical or mathematical methods may be used where they may be expected to give approximately the same results as individual calculations.
(2) A summary of the principal assumptions in making the provision under sub-paragraph (1) shall be given in the notes to the accounts.
(3) The computation shall be made annually by a Fellow of the Institute or Faculty of Actuaries on the basis of recognised actuarial methods, with due regard to the actuarial principles laid down in Council Directive 92/96/EEC.

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Source: https://www.legislation.gov.uk/nisi/1986/1032/schedule/9A/paragraph/46 (the official version)
Page: https://openlegislation.uk/companies-northern-ireland-order-1986-revoked/schedule-9A/paragraph-46
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.