Paragraph 725

(1)

Amend Schedule 7 (insurance business: gross roll-up business etc) as follows.

(2)

In paragraph 85—

(a)

in sub-paragraph (1) omit “(a “Case VI loss”)” and “(a “Case I loss”)”, and

(b)

in sub-paragraph (2)—

(i)

for “Case VI losses” substitute “ losses so treated ”, and

(ii)

for “Case I losses” substitute “ losses of the transferee ”.

(3)

For the italic cross-heading before paragraph 85 substitute “ Losses transferred under section 444AZA ”.

(4)

In paragraph 86(4) and (5) for “Case VI” substitute “ gross roll-up business ”.

(5)

For the italic cross-heading before paragraph 86 substitute “ Losses transferred under section 444AZB ”.